GAMMA Investing LLC Purchases 5,084 Shares of Arteris, Inc. (NASDAQ:AIP)

GAMMA Investing LLC raised its position in shares of Arteris, Inc. (NASDAQ:AIP) by 11,823.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,127 shares of the company’s stock after purchasing an additional 5,084 shares during the quarter. GAMMA Investing LLC’s holdings in Arteris were worth $350,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in Arteris during the fourth quarter valued at $46,000. US Bancorp DE increased its position in Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after buying an additional 1,283 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Arteris in the fourth quarter worth about $110,000. Price T Rowe Associates Inc. MD bought a new position in shares of Arteris in the fourth quarter worth about $117,000. Finally, Wells Fargo & Company MN lifted its position in shares of Arteris by 38.9% during the 4th quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock valued at $134,000 after buying an additional 3,694 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $14.00 target price on shares of Arteris in a report on Wednesday, May 21st.

Insiders Place Their Bets

In other news, CFO Nicholas B. Hawkins sold 3,770 shares of Arteris stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $8.07, for a total transaction of $30,423.90. Following the sale, the chief financial officer now owns 161,937 shares in the company, valued at $1,306,831.59. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO K Charles Janac sold 7,150 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $50,908.00. Following the completion of the transaction, the chief executive officer now directly owns 318,117 shares in the company, valued at $2,264,993.04. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,895 shares of company stock worth $365,310. Corporate insiders own 29.10% of the company’s stock.

Arteris Stock Down 7.0%

AIP opened at $8.28 on Friday. The stock has a market cap of $347.59 million, a price-to-earnings ratio of -10.10 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $7.32 and its 200 day moving average is $8.59. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64.

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.