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

Proficio Capital Partners LLC bought a new stake in Arteris, Inc. (NASDAQ:AIP) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 44,123 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Arteris by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock valued at $802,000 after acquiring an additional 3,298 shares during the period. US Bancorp DE lifted 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 worth $58,000 after purchasing an additional 1,283 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Arteris by 79.4% in the 4th quarter. Rhumbline Advisers now owns 76,974 shares of the company’s stock worth $784,000 after purchasing an additional 34,056 shares in the last quarter. White Pine Capital LLC grew its position in Arteris by 33.4% in the 4th quarter. White Pine Capital LLC now owns 52,822 shares of the company’s stock valued at $538,000 after purchasing an additional 13,218 shares during the period. Finally, R Squared Ltd bought a new stake in Arteris during the 4th quarter valued at $64,000. 64.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AIP. 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th.

Arteris Trading Up 2.3 %

NASDAQ AIP opened at $8.05 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $9.53 and a 200 day simple moving average of $8.80. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64. The firm has a market capitalization of $329.63 million, a P/E ratio of -9.25 and a beta of 1.21.

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

Insiders Place Their Bets

In other Arteris news, VP Paul L. Alpern sold 2,471 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total value of $28,194.11. Following the transaction, the vice president now owns 64,930 shares of the company’s stock, valued at approximately $740,851.30. The trade was a 3.67 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.57, for a total value of $51,145.76. Following the sale, the chief financial officer now directly owns 186,123 shares of the company’s stock, 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 ninety days, insiders sold 303,959 shares of company stock valued at $3,206,905. Corporate 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.