Arteris (NASDAQ:AIP) Cut to "Sell" at Wall Street Zen

Key Points

• Arteris (NASDAQ:AIP) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, highlighting a shift in analyst sentiment.
• Despite the downgrade, three analysts currently hold a "buy" rating for the stock, with a price target average of $15.00.
• Recent insider trading includes CEO K. Charles Janac selling 94,245 shares, reducing his stake by 33.18%, which may raise concerns among investors.

Arteris (NASDAQ:AIP - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also recently commented on AIP. TD Cowen raised their price target on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Rosenblatt Securities restated a "buy" rating and issued a $14.00 price target 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, Arteris presently has an average rating of "Buy" and a consensus target price of $15.00.

Arteris Trading Up 0.9%

AIP stock traded up $0.09 during trading hours on Friday, hitting $9.79. 153,872 shares of the stock were exchanged, compared to its average volume of 2,167,098. The firm has a market capitalization of $417.54 million, a P/E ratio of -11.94 and a beta of 1.45. The company has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $8.27. 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 data 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 analysts' expectations of $16.35 million. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.41%. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Arteris will post -0.73 earnings per share for the current year.

Insider Activity

In other news, CFO Nicholas B. Hawkins sold 11,276 shares of Arteris stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $13.15, for a total transaction of $148,279.40. Following the sale, the chief financial officer directly owned 107,996 shares of the company's stock, valued at approximately $1,420,147.40. This trade represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO K Charles Janac sold 94,245 shares of Arteris stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $13.49, for a total value of $1,271,365.05. Following the sale, the chief executive officer directly owned 189,785 shares in the company, valued at $2,560,199.65. The trade was a 33.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 456,043 shares of company stock valued at $5,484,028. 29.10% of the stock is currently owned by company insiders.

Institutional Trading of Arteris

A number of hedge funds have recently made changes to their positions in AIP. G2 Investment Partners Management LLC acquired a new stake in shares of Arteris during the fourth quarter valued at about $2,799,000. Acadian Asset Management LLC lifted its stake in shares of Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after acquiring an additional 260,277 shares during the period. AQR Capital Management LLC acquired a new position in shares of Arteris in the first quarter worth approximately $1,621,000. Federated Hermes Inc. lifted its stake in shares of Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after acquiring an additional 161,241 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Arteris by 9.6% in the second 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 period. 64.36% of the stock is owned by institutional investors and hedge funds.

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.