Arteris, Inc. (NASDAQ:AIP – Get Free Report) shares shot up 7.9% during trading on Thursday after TD Cowen raised their price target on the stock from $22.00 to $40.00. TD Cowen currently has a buy rating on the stock. Arteris traded as high as $37.99 and last traded at $38.3510. 431,271 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 575,305 shares. The stock had previously closed at $35.55.
Other research analysts have also issued reports about the company. Jefferies Financial Group boosted their price target on Arteris from $16.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday. Wall Street Zen lowered Arteris from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Rosenblatt Securities boosted their price target on Arteris from $20.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research report on Monday, April 20th. Finally, Northland Securities set a $24.00 target price on Arteris in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.75.
Insider Activity
Key Arteris News
Here are the key news stories impacting Arteris this week:
- Positive Sentiment: Arteris delivered a smaller-than-expected Q1 loss of $0.03 per share, beating estimates and improving from a $0.09 loss a year ago, which supports the recent stock strength. Article Title
- Positive Sentiment: Revenue of $22.94 million topped expectations, reinforcing confidence that demand and execution are improving. Article Title
- Positive Sentiment: Management raised second-quarter and full-year 2026 revenue guidance, signaling that momentum may continue into the rest of the year. Article Title
- Positive Sentiment: Rosenblatt Securities sharply raised its price target from $20 to $38 and reiterated a Buy rating, adding to the bullish sentiment around the stock. Article Title
- Neutral Sentiment: Arteris also released its earnings call transcript and presentation, which may provide more detail on growth drivers and profitability progress. Article Title
- Neutral Sentiment: The company disclosed a new shareholder-rights risk item, which adds a cautionary note but appears secondary to the strong earnings story. Article Title
- Negative Sentiment: Insider and major shareholder Bayview Legacy, LLC sold 70,000 shares, a potential overhang even though the sale was modest relative to its remaining stake. Article Title
Institutional Trading of Arteris
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its holdings in Arteris by 9.3% during the fourth quarter. Intech Investment Management LLC now owns 13,540 shares of the company’s stock worth $210,000 after acquiring an additional 1,148 shares during the period. Deutsche Bank AG grew its holdings in Arteris by 7.7% during the fourth quarter. Deutsche Bank AG now owns 21,159 shares of the company’s stock worth $328,000 after acquiring an additional 1,504 shares during the period. BNP Paribas Financial Markets grew its holdings in Arteris by 75.0% during the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after acquiring an additional 2,595 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Arteris by 12.3% during the third quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after acquiring an additional 2,613 shares during the period. Finally, Strs Ohio grew its holdings in Arteris by 16.5% during the third quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $207,000 after acquiring an additional 2,900 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.
Arteris Price Performance
The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -48.22 and a beta of 1.93. The firm has a fifty day moving average of $20.74 and a 200 day moving average of $17.31.
Arteris (NASDAQ:AIP – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $22.94 million for the quarter, compared to analysts’ expectations of $21.03 million. Research analysts predict that Arteris, Inc. will post -0.68 EPS for the current year.
About Arteris
Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.
Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.
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