XTX Topco Ltd Cuts Holdings in Arteris, Inc. (NASDAQ:AIP)

XTX Topco Ltd lowered its position in Arteris, Inc. (NASDAQ:AIP) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,536 shares of the company’s stock after selling 2,678 shares during the quarter. XTX Topco Ltd owned 0.07% of Arteris worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Arteris by 2,182.8% in the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock worth $239,000 after acquiring an additional 30,428 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Arteris in the 2nd quarter valued at $554,000. Bank of New York Mellon Corp purchased a new position in Arteris in the second quarter valued at about $580,000. Renaissance Technologies LLC lifted its stake in shares of Arteris by 6.1% during the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Arteris by 26.9% in the first quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock worth $973,000 after buying an additional 28,165 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Arteris Trading Down 1.4 %

NASDAQ:AIP opened at $7.66 on Monday. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The business’s 50-day simple moving average is $7.68 and its 200 day simple moving average is $7.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $294.75 million, a price-to-earnings ratio of -7.44 and a beta of 1.12.

Arteris (NASDAQ:AIP) last released its earnings results on Thursday, August 1st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business had revenue of $14.58 million for the quarter, compared to analysts’ expectations of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same quarter last year, the company posted ($0.25) earnings per share. As a group, sell-side analysts predict that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Transactions at Arteris

In related news, COO Laurent R. Moll sold 30,860 shares of Arteris stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $6.95, for a total value of $214,477.00. Following the completion of the transaction, the chief operating officer now directly owns 501,120 shares in the company, valued at $3,482,784. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Paul L. Alpern sold 3,615 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $7.18, for a total value of $25,955.70. Following the transaction, the vice president now directly owns 74,563 shares in the company, valued at approximately $535,362.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Laurent R. Moll sold 30,860 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $6.95, for a total transaction of $214,477.00. Following the sale, the chief operating officer now directly owns 501,120 shares of the company’s stock, valued at approximately $3,482,784. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,317 shares of company stock valued at $930,459. Insiders own 33.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AIP. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a report on Monday, August 5th. Westpark Capital reissued a “buy” rating and set a $11.00 target price on shares of Arteris in a research report on Wednesday, July 31st.

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.