Arteris (NASDAQ:AIP) Raised to Hold at Wall Street Zen

Arteris (NASDAQ:AIP) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other brokerages have also recently weighed in on AIP. Rosenblatt Securities reiterated a “buy” rating and set a $14.00 price target on shares of Arteris in a research report on Wednesday, May 21st. TD Cowen upped their price target on Arteris from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $15.00.

Arteris Stock Performance

Shares of Arteris stock opened at $8.75 on Monday. Arteris has a 52-week low of $5.46 and a 52-week high of $14.29. The stock’s 50-day simple moving average is $9.48 and its 200 day simple moving average is $8.20. The stock has a market capitalization of $373.19 million, a P/E ratio of -10.67 and a beta of 1.44.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.41%.The firm had revenue of $16.50 million for the quarter, compared to analysts’ expectations of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Arteris will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arteris news, CEO K Charles Janac sold 94,245 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.49, for a total value of $1,271,365.05. Following the completion of the sale, the chief executive officer owned 189,785 shares of the company’s stock, valued at $2,560,199.65. This represents a 33.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Saiyed Atiq Raza sold 63,118 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.07, for a total value of $824,952.26. Following the completion of the sale, the director directly owned 590,000 shares of the company’s stock, valued at approximately $7,711,300. This represents a 9.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 510,616 shares of company stock valued at $5,979,663 over the last 90 days. Company insiders own 33.70% of the company’s stock.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently bought and sold shares of AIP. Squarepoint Ops LLC boosted its stake in shares of Arteris by 143.8% during the second quarter. Squarepoint Ops LLC now owns 120,957 shares of the company’s stock valued at $1,153,000 after purchasing an additional 71,340 shares during the period. Marex Group plc purchased a new stake in shares of Arteris during the second quarter valued at approximately $395,000. State of Wyoming purchased a new stake in shares of Arteris during the second quarter valued at approximately $455,000. Bank of America Corp DE boosted its stake in shares of Arteris by 11.8% during the second quarter. Bank of America Corp DE now owns 57,093 shares of the company’s stock valued at $544,000 after purchasing an additional 6,008 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Arteris during the second quarter valued at approximately $742,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.