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

Key Points

• Arteris has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, suggesting a more stable outlook for investors.
• The consensus price target for Arteris shares among analysts is $15.00, with several brokerages maintaining buy ratings.
• Recent insider transactions show significant share sales by CEO K Charles Janac and Director Saiyed Atiq Raza, indicating a 33.18% decrease in Janac's ownership and a 9.66% decrease in Raza's position.

Wall Street Zen upgraded shares of Arteris (NASDAQ:AIP - Free Report) from a sell rating to a hold rating in a research note released on Monday morning.

Several other research analysts have also recently commented on AIP. TD Cowen boosted their price target on shares of Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 price objective on shares of Arteris in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.00.

Arteris Stock Performance

Shares of NASDAQ:AIP traded down $0.42 during midday trading on Monday, hitting $9.87. The company's stock had a trading volume of 726,449 shares, compared to its average volume of 499,181. The business's 50 day simple moving average is $9.49 and its 200 day simple moving average is $8.24. The company has a market cap of $420.96 million, a P/E ratio of -12.04 and a beta of 1.44. Arteris has a 12-month low of $5.46 and a 12-month high of $14.29.

Arteris (NASDAQ:AIP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $16.50 million for the quarter, compared to the consensus estimate of $16.35 million. Arteris had a negative net margin of 52.41% and a negative return on equity of 8,546.17%. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Arteris will post -0.73 earnings per share for the current fiscal year.

Insider Activity at Arteris

In other Arteris news, Director Saiyed Atiq Raza sold 63,118 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $13.07, for a total transaction of $824,952.26. Following the completion of the transaction, the director directly owned 590,000 shares in the company, valued at approximately $7,711,300. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Bayview Legacy, Llc sold 50,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $13.12, for a total transaction of $656,000.00. Following the transaction, the insider owned 9,839,071 shares of the company's stock, valued at $129,088,611.52. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 520,616 shares of company stock worth $6,068,463. 29.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arteris

A number of hedge funds and other institutional investors have recently modified their holdings of AIP. Northern Trust Corp boosted its position in shares of Arteris by 6.6% in the fourth quarter. Northern Trust Corp now owns 224,443 shares of the company's stock worth $2,287,000 after acquiring an additional 13,838 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Arteris in the fourth quarter worth approximately $214,000. Bank of America Corp DE boosted its position in shares of Arteris by 36.9% in the fourth quarter. Bank of America Corp DE now owns 33,619 shares of the company's stock worth $343,000 after acquiring an additional 9,068 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Arteris by 65.7% in the fourth quarter. Deutsche Bank AG now owns 24,145 shares of the company's stock worth $246,000 after acquiring an additional 9,573 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Arteris in the fourth quarter worth approximately $110,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.