Jump Financial LLC Sells 14,864 Shares of Arteris, Inc. (NASDAQ:AIP)

Jump Financial LLC cut its holdings in shares of Arteris, Inc. (NASDAQ:AIPFree Report) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,442 shares of the company’s stock after selling 14,864 shares during the period. Jump Financial LLC’s holdings in Arteris were worth $97,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Barclays PLC acquired a new position in Arteris during the 3rd quarter worth $120,000. Ibex Investors LLC acquired a new position in Arteris during the 3rd quarter worth $99,000. Acadian Asset Management LLC lifted its holdings in Arteris by 120.1% during the 3rd quarter. Acadian Asset Management LLC now owns 368,220 shares of the company’s stock worth $2,396,000 after buying an additional 200,950 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Arteris by 8.3% during the 3rd quarter. Federated Hermes Inc. now owns 130,000 shares of the company’s stock worth $846,000 after buying an additional 10,000 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Arteris during the 3rd quarter worth $142,000. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AIP has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective (down previously from $11.00) on shares of Arteris in a report on Monday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Friday, May 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Arteris in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Get Our Latest Analysis on AIP

Arteris Stock Performance

AIP stock opened at $7.97 on Thursday. The business’s fifty day moving average is $7.48 and its 200-day moving average is $6.52. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.11. The company has a market cap of $306.69 million, a P/E ratio of -7.74 and a beta of 1.04. Arteris, Inc. has a twelve month low of $4.20 and a twelve month high of $9.54.

Arteris (NASDAQ:AIPGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.03. Arteris had a negative return on equity of 198.35% and a negative net margin of 69.70%. The company had revenue of $12.95 million for the quarter, compared to the consensus estimate of $12.60 million. Equities research analysts forecast that Arteris, Inc. will post -0.91 EPS for the current year.

Insider Activity at Arteris

In related news, VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.25, for a total value of $81,562.50. Following the completion of the sale, the vice president now owns 86,839 shares in the company, valued at approximately $629,582.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $7.25, for a total value of $81,562.50. Following the completion of the sale, the vice president now owns 86,839 shares in the company, valued at approximately $629,582.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nicholas B. Hawkins sold 10,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.01, for a total transaction of $80,100.00. Following the completion of the sale, the chief financial officer now owns 242,896 shares of the company’s stock, valued at approximately $1,945,596.96. The disclosure for this sale can be found here. Insiders sold a total of 80,264 shares of company stock worth $572,383 in the last quarter. Corporate insiders own 33.70% of the company’s stock.

Arteris Profile

(Free Report)

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.

Further Reading

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Institutional Ownership by Quarter for Arteris (NASDAQ:AIP)

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