XTX Topco Ltd Makes New $405,000 Investment in Arteris, Inc. $AIP

XTX Topco Ltd acquired a new stake in shares of Arteris, Inc. (NASDAQ:AIP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,472 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds have also made changes to their positions in the stock. Needham Investment Management LLC increased its stake in Arteris by 2.5% during the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company’s stock valued at $19,434,000 after acquiring an additional 67,500 shares during the period. Franklin Resources Inc. grew its holdings in shares of Arteris by 9.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock worth $15,602,000 after purchasing an additional 142,936 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Arteris by 9.6% during the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company’s stock valued at $9,403,000 after purchasing an additional 86,288 shares during the period. Geode Capital Management LLC raised its stake in shares of Arteris by 4.8% in the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock valued at $6,222,000 after purchasing an additional 30,018 shares in the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company’s stock valued at $2,817,000 after purchasing an additional 129,143 shares in the last quarter. Institutional investors own 64.36% of the company’s stock.

Analysts Set New Price Targets

AIP has been the topic of several recent research reports. Wall Street Zen upgraded shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. TD Cowen lifted their price objective on Arteris from $15.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. Rosenblatt Securities upped their price objective on Arteris from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group upgraded Arteris to a “hold” rating in a research report on Tuesday, October 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Insider Transactions at Arteris

In other Arteris news, VP Paul L. Alpern sold 5,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $14.30, for a total value of $71,500.00. Following the completion of the transaction, the vice president directly owned 65,960 shares of the company’s stock, valued at approximately $943,228. The trade was a 7.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO K Charles Janac sold 2,058 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $15.52, for a total transaction of $31,940.16. Following the transaction, the chief executive officer owned 158,455 shares in the company, valued at $2,459,221.60. The trade was a 1.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 462,830 shares of company stock worth $5,913,541. Corporate insiders own 29.10% of the company’s stock.

Arteris Stock Performance

Shares of AIP opened at $17.55 on Friday. The company has a market cap of $766.58 million, a price-to-earnings ratio of -21.14 and a beta of 1.49. The stock has a fifty day moving average price of $13.59 and a two-hundred day moving average price of $10.65. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $17.66.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The company had revenue of $17.41 million for the quarter, compared to analysts’ expectations of $17.00 million. As a group, research analysts predict that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

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.