GSA Capital Partners LLP Has $1.33 Million Stock Holdings in Arteris, Inc. $AIP

GSA Capital Partners LLP increased its stake in Arteris, Inc. (NASDAQ:AIP) by 59.3% during the third quarter, Holdings Channel.com reports. The fund owned 132,079 shares of the company’s stock after buying an additional 49,153 shares during the period. GSA Capital Partners LLP’s holdings in Arteris were worth $1,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Arteris in the second quarter valued at $32,000. Savant Capital LLC acquired a new position in shares of Arteris in the 2nd quarter valued at about $97,000. Strs Ohio bought a new stake in shares of Arteris during the 1st quarter valued at about $104,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Arteris during the second quarter worth approximately $151,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Arteris in the second quarter worth approximately $160,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

AIP has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Arteris to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Northland Securities set a $24.00 price objective on shares of Arteris in a research report on Friday, February 13th. TD Cowen restated a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Arteris in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.17.

Arteris Price Performance

AIP opened at $14.39 on Thursday. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $19.85. The firm has a market capitalization of $654.31 million, a P/E ratio of -17.55 and a beta of 1.47. The company’s 50-day moving average is $15.95 and its 200 day moving average is $13.39.

Arteris (NASDAQ:AIP) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $20.14 million during the quarter, compared to analysts’ expectations of $18.55 million. On average, equities research analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current year.

Insider Activity at Arteris

In related news, major shareholder Bayview Legacy, Llc sold 2,756 shares of Arteris stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $15.03, for a total transaction of $41,422.68. Following the sale, the insider directly owned 9,349,071 shares in the company, valued at approximately $140,516,537.13. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul L. Alpern sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $15.48, for a total value of $77,400.00. Following the completion of the transaction, the vice president directly owned 57,650 shares in the company, valued at approximately $892,422. This represents a 7.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 689,072 shares of company stock valued at $11,525,611. 29.10% of the stock is owned by insiders.

About Arteris

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.