Legato Capital Management LLC Sells 25,537 Shares of Arteris, Inc. (NASDAQ:AIP)

Legato Capital Management LLC lessened its holdings in Arteris, Inc. (NASDAQ:AIP) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,683 shares of the company’s stock after selling 25,537 shares during the quarter. Legato Capital Management LLC’s holdings in Arteris were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Needham Investment Management LLC grew its stake in shares of Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after acquiring an additional 350,000 shares during the period. Franklin Resources Inc. grew its stake in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after acquiring an additional 12,375 shares during the period. Geode Capital Management LLC grew its stake in shares of Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the period. State Street Corp grew its stake in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after acquiring an additional 67,414 shares during the period. Institutional investors own 64.36% of the company’s stock.

Insiders Place Their Bets

In other Arteris news, CFO Nicholas B. Hawkins sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $8.56, for a total value of $42,800.00. Following the sale, the chief financial officer now owns 190,414 shares of the company’s stock, valued at $1,629,943.84. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Isabelle F. Geday sold 15,550 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $9.03, for a total value of $140,416.50. Following the completion of the sale, the director now directly owns 121,213 shares in the company, valued at approximately $1,094,553.39. The trade was a 11.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 367,157 shares of company stock worth $3,828,388 in the last quarter. 33.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Wednesday, November 6th.

Arteris Stock Up 2.3 %

Shares of NASDAQ AIP opened at $9.68 on Friday. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The business has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $8.63. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The company has a market cap of $388.91 million, a P/E ratio of -10.08 and a beta of 1.18.

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.