Weiss Ratings Reaffirms Sell (D-) Rating for Arteris (NASDAQ:AIP)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Arteris (NASDAQ:AIP), indicating concerns about the company's future performance.
• Other analysts have mixed sentiments, with TD Cowen upgrading the stock to a "Buy" rating and setting a target price of $15.00, while Wall Street Zen has rated it as a "Hold."
• Arteris shares saw a 2.9% increase in trading on Friday, reaching $14.24, despite a negative earnings report where the company met consensus estimates with an EPS of ($0.11).

Arteris (NASDAQ:AIP - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. TD Cowen lifted their target price on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Arteris from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.00.

Arteris Trading Up 2.9%

Arteris stock traded up $0.41 during midday trading on Friday, reaching $14.24. The company's stock had a trading volume of 414,027 shares, compared to its average volume of 579,586. Arteris has a 52 week low of $5.46 and a 52 week high of $14.88. The business has a 50-day moving average price of $10.62 and a 200-day moving average price of $9.01. The stock has a market cap of $607.12 million, a PE ratio of -17.35 and a beta of 1.45.

Arteris (NASDAQ:AIP - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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. As a group, research analysts predict that Arteris will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at Arteris

In related news, CFO Nicholas B. Hawkins sold 6,421 shares of the company's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $13.21, for a total transaction of $84,821.41. Following the completion of the sale, the chief financial officer owned 93,590 shares in the company, valued at approximately $1,236,323.90. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO K Charles Janac sold 50,000 shares of the company's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $13.07, for a total value of $653,500.00. Following the sale, the chief executive officer owned 9,689,071 shares of the company's stock, valued at $126,636,157.97. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 810,800 shares of company stock valued at $10,089,160 in the last three months. Insiders own 29.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIP. Cambridge Investment Research Advisors Inc. bought a new position in shares of Arteris during the 1st quarter worth $95,000. Acadian Asset Management LLC lifted its holdings in Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after purchasing an additional 260,277 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Arteris by 48.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock worth $1,724,000 after purchasing an additional 81,516 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Arteris during the 2nd quarter worth about $203,000. Finally, Nuveen LLC purchased a new stake in Arteris during the 1st quarter worth about $349,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.