6 days Ago By ABMN Staff
Federated Hermes Inc. grew its stake in shares of Arteris, Inc. ( NASDAQ:AIP – Free Report ) by 729.
4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 165,878 shares of the company’s stock after purchasing an additional 145,878 shares during the period. Federated Hermes Inc.
owned about 0.41% of Arteris worth $1,690,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently modified their holdings of AIP.
Franklin Resources Inc. grew its position in Arteris by 0.8% in the 3rd quarter.
Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Samjo Management LLC boosted 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 worth $11,792,000 after buying an additional 10,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Arteris by 6.
6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after acquiring an additional 36,908 shares in the last quarter. State Street Corp increased its position in shares of Arteris by 18.
5% during the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after acquiring an additional 64,081 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in Arteris by 24.
1% during the fourth quarter. Trexquant Investment LP now owns 200,947 shares of the company’s stock worth $2,048,000 after acquiring an additional 39,086 shares during the period. 64.
36% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades AIP has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $15.
00 target price on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities lifted their price objective on shares of Arteris from $14.00 to $16.
00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Arteris Price Performance Arteris stock opened at $5.97 on Tuesday.
The firm has a market capitalization of $244.46 million, a P/E ratio of -6.86 and a beta of 1.
31. Arteris, Inc. has a one year low of $5.
46 and a one year high of $12.64. The company has a debt-to-equity ratio of 0.
30, a current ratio of 1.17 and a quick ratio of 1.17.
The business has a fifty day moving average price of $8.00 and a 200-day moving average price of $8.71.
Arteris ( NASDAQ:AIP – Get Free Report ) last posted its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share 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 company had revenue of $15.
49 million for the quarter, compared to analysts’ expectations of $15.34 million. As a group, equities research analysts forecast that Arteris, Inc.
will post -0.73 EPS for the current year. Insider Buying and Selling at Arteris In related news, CEO K Charles Janac sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd.
The stock was sold at an average price of $10.33, for a total value of $516,500.00.
Following the completion of the sale, the chief executive officer now owns 9,907,691 shares in the company, valued at $102,346,448.03. The trade was a 0.
50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website . Also, CFO Nicholas B.
Hawkins sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total value of $113,630.
00. Following the completion of the sale, the chief financial officer now directly owns 154,308 shares of the company’s stock, valued at approximately $1,594,001.64.
This represents a 6.65 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold a total of 100,927 shares of company stock worth $918,829 over the last three months. 33.70% of the stock is owned by insiders.
About Arteris ( 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. See Also 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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