Jacobs Levy Equity Management Inc. Reduces Stock Holdings in Arteris, Inc. (NASDAQ:AIP)

Jacobs Levy Equity Management Inc. trimmed its stake in Arteris, Inc. (NASDAQ:AIP - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,001 shares of the company's stock after selling 85,210 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.42% of Arteris worth $1,712,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. G2 Investment Partners Management LLC bought a new position in shares of Arteris in the fourth quarter worth approximately $2,799,000. D. E. Shaw & Co. Inc. purchased a new stake in Arteris in the fourth quarter worth approximately $110,000. Deutsche Bank AG boosted its stake in Arteris by 65.7% in the fourth quarter. Deutsche Bank AG now owns 24,145 shares of the company's stock worth $246,000 after buying an additional 9,573 shares in the last quarter. Corton Capital Inc. boosted its stake in Arteris by 45.4% in the fourth quarter. Corton Capital Inc. now owns 23,778 shares of the company's stock worth $242,000 after buying an additional 7,430 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Arteris in the fourth quarter worth approximately $306,000. 64.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Nicholas B. Hawkins sold 11,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $7.54, for a total transaction of $82,940.00. Following the completion of the sale, the chief financial officer now owns 165,596 shares of the company's stock, valued at approximately $1,248,593.84. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO K Charles Janac sold 7,150 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 $50,908.00. Following the sale, the chief executive officer now directly owns 318,117 shares of the company's stock, valued at approximately $2,264,993.04. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,927 shares of company stock valued at $371,639. 29.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Northland Securities upped their target price on Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday.

Arteris Price Performance

AIP traded up $0.09 during midday trading on Thursday, hitting $7.19. The stock had a trading volume of 35,941 shares, compared to its average volume of 200,161. The company has a market cap of $301.65 million, a P/E ratio of -8.26 and a beta of 1.31. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64. 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 business has a fifty day moving average of $6.89 and a 200 day moving average of $8.63.

Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.08). The company had revenue of $15.49 million for the quarter, compared to analysts' expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, equities analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

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.