Renaissance Technologies LLC Acquires 6,600 Shares of Arteris, Inc. (NASDAQ:AIP)

Renaissance Technologies LLC boosted its holdings in shares of Arteris, Inc. (NASDAQ:AIP) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,700 shares of the company’s stock after buying an additional 6,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.30% of Arteris worth $861,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Arteris by 2,182.8% during the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Arteris during the second quarter valued at approximately $580,000. GSA Capital Partners LLP lifted its holdings in Arteris by 26.9% during the first quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after purchasing an additional 28,165 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Arteris by 28.1% during the first quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after purchasing an additional 117,312 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Arteris by 25.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after purchasing an additional 143,385 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

Arteris Price Performance

AIP stock opened at $7.17 on Tuesday. The company’s fifty day moving average price is $7.49 and its 200-day moving average price is $7.64. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The company has a market capitalization of $275.89 million, a PE ratio of -6.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The business had revenue of $14.58 million during the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the prior year, the firm posted ($0.25) EPS. On average, equities analysts anticipate that Arteris, Inc. will post -0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AIP. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a report on Monday, August 5th. Westpark Capital reissued a “buy” rating and issued a $11.00 target price on shares of Arteris in a report on Wednesday, July 31st.

Insider Buying and Selling

In other Arteris news, CEO K Charles Janac sold 5,520 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $7.18, for a total transaction of $39,633.60. Following the transaction, the chief executive officer now owns 287,247 shares in the company, valued at $2,062,433.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Arteris news, CFO Nicholas B. Hawkins sold 11,628 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $7.86, for a total transaction of $91,396.08. Following the transaction, the chief financial officer now owns 224,659 shares in the company, valued at $1,765,819.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO K Charles Janac sold 5,520 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $7.18, for a total transaction of $39,633.60. Following the completion of the transaction, the chief executive officer now owns 287,247 shares in the company, valued at approximately $2,062,433.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,787 shares of company stock worth $927,656. Insiders own 33.70% of the company’s stock.

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.