Arteris, Inc. (NASDAQ:AIP) Short Interest Down 16.2% in April

Arteris, Inc. (NASDAQ:AIP) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 188,200 shares, a decline of 16.2% from the March 31st total of 224,700 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,700 shares, the short-interest ratio is currently 1.3 days.

Insider Activity

In related news, VP Paul L. Alpern sold 11,250 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.13, for a total transaction of $68,962.50. Following the sale, the vice president now owns 87,521 shares of the company’s stock, valued at $536,503.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Paul L. Alpern sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.13, for a total value of $68,962.50. Following the completion of the transaction, the vice president now owns 87,521 shares of the company’s stock, valued at $536,503.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO K Charles Janac sold 10,103 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.03, for a total transaction of $71,024.09. Following the sale, the chief executive officer now owns 318,644 shares in the company, valued at $2,240,067.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,264 shares of company stock worth $558,958. Corporate insiders own 36.10% of the company’s stock.

Hedge Funds Weigh In On Arteris

Several large investors have recently bought and sold shares of AIP. Acadian Asset Management LLC increased its stake in shares of Arteris by 120.1% in the third quarter. Acadian Asset Management LLC now owns 368,220 shares of the company’s stock valued at $2,396,000 after buying an additional 200,950 shares during the period. Acuitas Investments LLC increased its position in Arteris by 150.3% in the 4th quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock valued at $1,272,000 after acquiring an additional 129,692 shares during the period. Roubaix Capital LLC raised its stake in shares of Arteris by 77.1% during the third quarter. Roubaix Capital LLC now owns 254,744 shares of the company’s stock valued at $1,658,000 after acquiring an additional 110,916 shares during the last quarter. Worth Venture Partners LLC lifted its holdings in shares of Arteris by 114.3% during the fourth quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock worth $647,000 after purchasing an additional 58,620 shares during the period. Finally, Citigroup Inc. bought a new stake in shares of Arteris in the third quarter worth $363,000. 64.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Arteris in a report on Tuesday, February 20th.

Arteris Trading Down 0.9 %

Shares of Arteris stock opened at $6.70 on Monday. The firm has a market capitalization of $257.08 million, a PE ratio of -6.44 and a beta of 1.03. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $6.97 and its 200 day moving average is $6.16. Arteris has a 1 year low of $3.66 and a 1 year high of $8.08.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Arteris had a negative return on equity of 150.71% and a negative net margin of 68.70%. The company had revenue of $12.50 million for the quarter, compared to analyst estimates of $11.90 million. Equities research analysts forecast that Arteris will post -0.9 earnings per share for the current fiscal year.

Arteris Company 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.