G2 Investment Partners Management LLC Acquires Shares of 274,651 Arteris, Inc. (NASDAQ:AIP)

G2 Investment Partners Management LLC bought a new position in Arteris, Inc. (NASDAQ:AIP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 274,651 shares of the company’s stock, valued at approximately $2,799,000. G2 Investment Partners Management LLC owned about 0.68% of Arteris as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC grew its position in shares of Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the period. Franklin Resources Inc. lifted its position in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after buying an additional 12,375 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arteris by 67.1% in the third 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 period. SG Americas Securities LLC purchased a new position in Arteris in the fourth quarter worth $134,000. Finally, R Squared Ltd purchased a new position in shares of Arteris during the 4th quarter valued at about $64,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Arteris Stock Up 2.5 %

Shares of NASDAQ:AIP opened at $7.42 on Friday. The stock has a 50 day moving average price of $6.92 and a 200-day moving average price of $8.59. 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 firm has a market capitalization of $307.66 million, a P/E ratio of -8.53 and a beta of 1.31. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $12.64.

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). The firm had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, equities research analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AIP has been the subject of several recent research reports. Northland Securities boosted their price objective on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report on Tuesday, February 18th.

Insiders Place Their Bets

In other news, COO Laurent R. Moll sold 4,703 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $33,485.36. Following the transaction, the chief operating officer now owns 482,833 shares in the company, valued at $3,437,770.96. This represents a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nicholas B. Hawkins sold 5,968 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.57, for a total transaction of $51,145.76. Following the completion of the transaction, the chief financial officer now directly owns 186,123 shares in the company, valued at approximately $1,595,074.11. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,927 shares of company stock valued at $288,699. Company insiders own 33.70% of the company’s stock.

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.