Proficio Capital Partners LLC Makes New $450,000 Investment in Arteris, Inc. (NASDAQ:AIP)

Proficio Capital Partners LLC bought a new stake in shares of Arteris, Inc. (NASDAQ:AIP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 44,123 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned 0.11% of Arteris as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AIP. US Bancorp DE boosted its holdings in shares of Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after purchasing an additional 1,283 shares in the last quarter. R Squared Ltd acquired a new stake in Arteris in the fourth quarter valued at about $64,000. MetLife Investment Management LLC grew its position in Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after acquiring an additional 9,551 shares during the last quarter. SG Americas Securities LLC acquired a new position in Arteris during the fourth quarter worth about $134,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Arteris in the third quarter worth about $226,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arteris

In other news, Director Wayne C. Cantwell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the director now owns 233,198 shares in the company, valued at approximately $2,567,509.98. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nicholas B. Hawkins sold 5,968 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.57, for a total transaction of $51,145.76. Following the completion of the sale, the chief financial officer now directly owns 186,123 shares in the company, valued at approximately $1,595,074.11. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,959 shares of company stock worth $3,206,905. Insiders own 33.70% of the company’s stock.

Arteris Trading Up 2.3 %

AIP opened at $8.05 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The company’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $8.80. The firm has a market capitalization of $329.63 million, a price-to-earnings ratio of -9.25 and a beta of 1.21.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIP. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th. Northland Securities upped their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

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.