Arteris, Inc. (NASDAQ:AIP) Short Interest Up 28.4% in May

Arteris, Inc. (NASDAQ:AIP - Get Free Report) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 459,800 shares, a growth of 28.4% from the May 15th total of 358,000 shares. Approximately 1.7% of the company's stock are sold short. Based on an average trading volume of 200,900 shares, the days-to-cover ratio is currently 2.3 days.

Insider Buying and Selling

In other Arteris news, COO Laurent R. Moll sold 4,703 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total value of $33,485.36. Following the completion of the transaction, the chief operating officer now owns 482,833 shares in the company, valued at approximately $3,437,770.96. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nicholas B. Hawkins sold 3,888 shares of Arteris stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $27,682.56. Following the completion of the transaction, the chief financial officer now directly owns 181,545 shares in the company, valued at $1,292,600.40. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,895 shares of company stock worth $365,310 over the last 90 days. 29.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC purchased a new position in Arteris in the 4th quarter worth about $2,799,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock valued at $802,000 after purchasing an additional 3,298 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Arteris during the 4th quarter worth about $214,000. Two Sigma Advisers LP boosted its position in Arteris by 82.9% during the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock worth $240,000 after purchasing an additional 10,700 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Arteris during the fourth quarter worth about $983,000. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AIP shares. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. Northland Securities raised their price objective on shares of Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Arteris Trading Up 10.9%

AIP traded up $0.90 during trading on Tuesday, hitting $9.12. 1,390,237 shares of the stock traded hands, compared to its average volume of 214,527. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $382.80 million, a P/E ratio of -10.42 and a beta of 1.37. Arteris has a 12-month low of $5.46 and a 12-month high of $12.64. The firm has a 50-day moving average of $7.13 and a 200 day moving average of $8.59.

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.

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