Arteris (NASDAQ:AIP) Trading 9.1% Higher - Time to Buy?

Key Points

• Arteris, Inc. saw a significant stock increase of 9.1%, closing at $14.63 after trading as high as $14.33.
• TD Cowen raised its price target for Arteris from $12.00 to $15.00, reflecting a consensus rating of "Moderate Buy" among analysts.
• Major shareholders, including CEO K Charles Janac, sold 50,000 shares each at an average price of $13.07, leading to a 0.51% decrease in their positions.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) was up 9.1% on Wednesday . The stock traded as high as $14.33 and last traded at $14.63. Approximately 194,357 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 571,177 shares. The stock had previously closed at $13.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AIP shares. TD Cowen increased their price target on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Arteris in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Arteris from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Arteris Trading Up 6.1%

The firm has a market cap of $606.44 million, a P/E ratio of -17.24 and a beta of 1.45. The firm has a 50-day simple moving average of $10.06 and a 200-day simple moving average of $8.69.

Arteris (NASDAQ:AIP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business 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. Research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at Arteris

In other Arteris news, major shareholder Bayview Legacy, Llc sold 50,000 shares of Arteris stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $13.07, for a total transaction of $653,500.00. Following the completion of the transaction, the insider owned 9,689,071 shares in the company, valued at approximately $126,636,157.97. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO K Charles Janac sold 50,000 shares of Arteris stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $13.07, for a total value of $653,500.00. Following the completion of the transaction, the chief executive officer owned 9,689,071 shares of the company's stock, valued at approximately $126,636,157.97. 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 811,936 shares of company stock worth $10,100,520. 33.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arteris

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Arteris during the 2nd quarter worth approximately $32,000. CWM LLC raised its position in Arteris by 4,810.1% in the first quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after purchasing an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Arteris in the first quarter valued at approximately $95,000. Savant Capital LLC purchased a new stake in Arteris in the second quarter valued at approximately $97,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Arteris during the second quarter worth $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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