Northern Trust Corp Purchases 13,838 Shares of Arteris, Inc. (NASDAQ:AIP)

Northern Trust Corp lifted its position in Arteris, Inc. (NASDAQ:AIP) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 224,443 shares of the company’s stock after buying an additional 13,838 shares during the quarter. Northern Trust Corp owned about 0.56% of Arteris worth $2,287,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Samjo Management LLC grew its stake in shares of Arteris by 0.9% in the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company’s stock valued at $11,792,000 after buying an additional 10,000 shares in the last quarter. Trexquant Investment LP lifted its holdings in Arteris by 24.1% in the 4th quarter. Trexquant Investment LP now owns 200,947 shares of the company’s stock worth $2,048,000 after purchasing an additional 39,086 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Arteris by 29.5% in the 4th quarter. Renaissance Technologies LLC now owns 183,865 shares of the company’s stock worth $1,874,000 after purchasing an additional 41,865 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Arteris by 729.4% in the 4th quarter. Federated Hermes Inc. now owns 165,878 shares of the company’s stock worth $1,690,000 after purchasing an additional 145,878 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Arteris by 22.8% in the 4th quarter. LPL Financial LLC now owns 133,559 shares of the company’s stock worth $1,361,000 after purchasing an additional 24,812 shares during the last quarter. Institutional investors own 64.36% of the company’s stock.

Insider Transactions at Arteris

In other news, CFO Nicholas B. Hawkins sold 5,968 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.57, for a total transaction of $51,145.76. Following the completion of the transaction, the chief financial officer now directly owns 186,123 shares in the company, valued at $1,595,074.11. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Laurent R. Moll sold 4,703 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total value of $33,485.36. Following the transaction, the chief operating officer now owns 482,833 shares of the company’s stock, valued at approximately $3,437,770.96. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,927 shares of company stock worth $371,639 over the last three months. 29.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Northland Securities boosted their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and issued a $14.00 target price on shares of Arteris in a report on Wednesday, May 21st.

Arteris Stock Down 1.0%

AIP opened at $7.13 on Monday. The business has a 50 day moving average price of $6.86 and a 200 day moving average price of $8.63. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $299.30 million, a P/E ratio of -8.20 and a beta of 1.31.

About Arteris

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.