Samjo Management LLC Acquires 10,000 Shares of Arteris, Inc. (NASDAQ:AIP)

Samjo Management LLC lifted its holdings in Arteris, Inc. (NASDAQ:AIP) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,157,250 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Arteris makes up 4.4% of Samjo Management LLC’s holdings, making the stock its 5th biggest holding. Samjo Management LLC’s holdings in Arteris were worth $11,792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. US Bancorp DE grew its stake in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after acquiring an additional 1,283 shares in the last quarter. R Squared Ltd purchased a new position in Arteris in the fourth quarter valued at $64,000. SG Americas Securities LLC acquired a new position in Arteris during the 4th quarter worth $134,000. Wells Fargo & Company MN increased its holdings in Arteris by 38.9% during the 4th quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock worth $134,000 after purchasing an additional 3,694 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Arteris by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AIP shares. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Arteris in a research report on Tuesday, February 18th. Northland Securities boosted their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Arteris Trading Down 9.2 %

NASDAQ:AIP opened at $5.99 on Friday. Arteris, Inc. has a 1 year low of $5.76 and a 1 year high of $12.64. The stock has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21. 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 stock has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $8.78.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The business had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. As a group, analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other Arteris news, CEO K Charles Janac sold 8,432 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $12.34, for a total value of $104,050.88. Following the completion of the sale, the chief executive officer now owns 260,088 shares in the company, valued at approximately $3,209,485.92. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas B. Hawkins sold 4,949 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $6.03, for a total value of $29,842.47. Following the completion of the sale, the chief financial officer now directly owns 176,596 shares of the company’s stock, valued at $1,064,873.88. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,182 shares of company stock worth $1,169,018. Corporate insiders own 33.70% of the company’s stock.

Arteris Profile

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.