2 weeks Ago By ABMN Staff
Arteris, Inc. ( NASDAQ:AIP – Get Free Report ) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 666,000 shares, a decrease of 19.
8% from the August 31st total of 830,300 shares. Based on an average trading volume of 207,300 shares, the short-interest ratio is currently 3.2 days.
Currently, 2.8% of the shares of the company are short sold. Insider Buying and Selling at Arteris In other Arteris news, VP Paul L.
Alpern sold 11,250 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $7.24, for a total value of $81,450.
00. Following the completion of the sale, the vice president now owns 80,360 shares in the company, valued at $581,806.40.
The sale was disclosed in a document filed with the SEC, which is available through this link . In other Arteris news, CEO K Charles Janac sold 4,583 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $7.
24, for a total transaction of $33,180.92. Following the completion of the sale, the chief executive officer now directly owns 310,758 shares of the company’s stock, valued at approximately $2,249,887.
92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, VP Paul L.
Alpern sold 11,250 shares of Arteris stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $7.24, for a total value of $81,450.
00. Following the completion of the transaction, the vice president now owns 80,360 shares in the company, valued at $581,806.40.
The disclosure for this sale can be found here . Insiders sold 143,753 shares of company stock worth $1,049,619 over the last 90 days. Corporate insiders own 33.
70% of the company’s stock. Institutional Trading of Arteris Several institutional investors have recently added to or reduced their stakes in AIP. Vanguard Group Inc.
raised its position in shares of Arteris by 0.3% during the 1st quarter. Vanguard Group Inc.
now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after acquiring an additional 3,242 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Arteris by 25.2% in the first quarter.
Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock worth $5,211,000 after acquiring an additional 143,385 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Arteris by 28.1% in the 1st quarter.
Acadian Asset Management LLC now owns 534,472 shares of the company’s stock worth $3,911,000 after purchasing an additional 117,312 shares during the last quarter. GSA Capital Partners LLP boosted its position in Arteris by 26.9% during the 1st quarter.
GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after purchasing an additional 28,165 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Arteris by 6.1% in the 2nd quarter.
Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after acquiring an additional 6,600 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.
Arteris Stock Down 1.4 % Arteris ( NASDAQ:AIP – Get Free Report ) last posted its earnings results on Thursday, August 1st. The company reported ($0.
21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07).
Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%.
The firm had revenue of $14.58 million for the quarter, compared to analyst estimates of $13.68 million.
During the same period in the previous year, the firm posted ($0.25) earnings per share. Research analysts anticipate that Arteris will post -0.
9 EPS for the current fiscal year. Analyst Upgrades and Downgrades Several research firms have recently commented on AIP. Westpark Capital reissued a “buy” rating and issued a $11.
00 price target on shares of Arteris in a report on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report on Monday, August 5th.
Read Our Latest Analysis on Arteris About Arteris ( Get 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 Receive News & Ratings for Arteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arteris and related companies with MarketBeat.
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