Marex Group plc Invests $395,000 in Arteris, Inc. $AIP

Marex Group plc acquired a new stake in shares of Arteris, Inc. (NASDAQ:AIP) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 41,500 shares of the company’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Arteris by 40.6% during the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company’s stock worth $6,222,000 after purchasing an additional 260,277 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Arteris in the 2nd quarter worth $858,000. Worth Venture Partners LLC purchased a new stake in shares of Arteris during the 2nd quarter valued at $451,000. Franklin Resources Inc. lifted 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 acquiring an additional 142,936 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Arteris in the second quarter worth $254,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Insiders Place Their Bets

In related news, CEO K Charles Janac sold 70,000 shares of Arteris stock in a transaction on Monday, December 8th. The shares were sold at an average price of $17.71, for a total value of $1,239,700.00. Following the sale, the chief executive officer owned 9,469,071 shares in the company, valued at $167,697,247.41. The trade was a 0.73% 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, COO Laurent R. Moll sold 17,937 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $17.92, for a total transaction of $321,431.04. Following the completion of the transaction, the chief operating officer owned 257,222 shares of the company’s stock, valued at $4,609,418.24. This trade represents a 6.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 820,825 shares of company stock worth $12,276,775. Insiders own 33.70% of the company’s stock.

Wall Street Analyst Weigh In

AIP has been the subject of several research analyst reports. Wall Street Zen raised Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Cowen reaffirmed a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Jefferies Financial Group raised shares of Arteris to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Arteris in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arteris has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Arteris Trading Down 2.2%

Shares of NASDAQ:AIP opened at $15.93 on Tuesday. The company has a 50-day moving average price of $14.44 and a 200-day moving average price of $11.15. The company has a market cap of $695.82 million, a price-to-earnings ratio of -19.19 and a beta of 1.48. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $19.85.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $17.00 million. As a group, research analysts forecast that Arteris, Inc. will post -0.73 EPS 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.