SG Americas Securities LLC Purchases New Stake in Arteris, Inc. (NASDAQ:AIP)

SG Americas Securities LLC acquired a new position in shares of Arteris, Inc. (NASDAQ:AIP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,133 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the last quarter. Franklin Resources Inc. boosted its stake in Arteris by 0.8% during the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after buying an additional 12,375 shares in the last quarter. Barclays PLC raised its position in Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the last quarter. Finally, State Street Corp boosted its stake in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares in the last quarter. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Wednesday, November 6th.

Insider Transactions at Arteris

In other Arteris news, CFO Nicholas B. Hawkins sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $8.56, for a total transaction of $42,800.00. Following the transaction, the chief financial officer now owns 190,414 shares of the company’s stock, valued at $1,629,943.84. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul L. Alpern sold 2,471 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $28,194.11. Following the completion of the sale, the vice president now directly owns 64,930 shares of the company’s stock, valued at approximately $740,851.30. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 367,157 shares of company stock valued at $3,828,388 in the last ninety days. 33.70% of the stock is currently owned by corporate insiders.

Arteris Trading Up 3.0 %

AIP opened at $9.92 on Tuesday. The firm’s fifty day simple moving average is $10.44 and its 200 day simple moving average is $8.61. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64. The stock has a market capitalization of $398.59 million, a P/E ratio of -10.33 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

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.