Arteris (NASDAQ:AIP) Rating Lowered 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 stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

Several other research analysts have also recently issued reports on AIP. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 price target on shares of Arteris in a research note on Wednesday, May 21st. TD Cowen increased their price target on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $15.00.

Arteris Price Performance

Shares of NASDAQ AIP opened at $9.97 on Friday. Arteris has a 1-year low of $5.46 and a 1-year high of $14.29. The business's fifty day moving average price is $9.44 and its two-hundred day moving average price is $8.27. The firm has a market capitalization of $425.22 million, a PE ratio of -12.16 and a beta of 1.45.

Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, hitting 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 $16,502 billion for the quarter, compared to analyst estimates of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Arteris will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Arteris

In related news, CEO K Charles Janac sold 94,245 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $13.49, for a total transaction of $1,271,365.05. Following the completion of the transaction, the chief executive officer owned 189,785 shares of the company's stock, valued at $2,560,199.65. This trade represents a 33.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $656,000.00. Following the transaction, the insider directly owned 9,839,071 shares of the company's stock, valued at $129,088,611.52. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 456,043 shares of company stock valued at $5,484,028. Corporate insiders own 29.10% of the company's stock.

Hedge Funds Weigh In On Arteris

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC boosted its position in shares of Arteris by 2.5% in the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after purchasing an additional 67,500 shares during the period. Franklin Resources Inc. boosted its position in Arteris by 9.6% during the 2nd 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. Acadian Asset Management LLC boosted its position in Arteris by 9.6% during the 2nd quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock worth $9,403,000 after acquiring an additional 86,288 shares during the period. Westerly Capital Management LLC boosted its position in Arteris by 14.5% during the 2nd quarter. Westerly Capital Management LLC now owns 680,000 shares of the company's stock worth $6,480,000 after acquiring an additional 85,950 shares during the period. Finally, Geode Capital Management LLC boosted its position in Arteris by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock worth $6,222,000 after acquiring an additional 30,018 shares during the period. Institutional investors and hedge funds own 64.36% 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.

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