Arteris Inc (NASDAQ:AIP)’s traded shares stood at 0.31 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $10.27, to imply a decrease of -3.20% or -$0.34 in intraday trading. The AIP share’s 52-week high remains $10.69, putting it -4.09% down since that peak but still an impressive 52.97% since price per share fell to its 52-week low of $4.83. The company has a valuation of $412.62M, with an average of 0.29 million shares in intraday trading volume over the past 10 days and average of 148.19K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Arteris Inc (AIP), translating to a mean rating of 1.40. Of 1 analyst(s) looking at the stock, 0 analyst(s) give AIP a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.

Arteris Inc (NASDAQ:AIP) trade information

After registering a -3.20% downside in the last session, Arteris Inc (AIP) has traded red over the past five days. The 5-day price performance for the stock is 14.75%, and 17.64% over 30 days. With these gigs, the year-to-date price performance is 74.36%. Short interest in Arteris Inc (NASDAQ:AIP) saw shorts transact 0.39 million shares and set a 2.85 days time to cover.

The extremes give us $14 and $14 for target low and target high price respectively. As such, AIP has been trading -36.32% off suggested target high and -36.32% from its likely low.

Arteris Inc (AIP) estimates and forecasts

Looking at statistics comparing Arteris Inc share performance against respective industry, we note that the company has underperformed competitors. Arteris Inc (AIP) shares are 36.75% up over the last 6 months, with its year-to-date growth rate lower than industry average at 25.00% against 25.60%. The rating firms project that company’s revenue will grow 6.95% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 15.18M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 15.6M.Earnings reports from the last fiscal year show that sales brought in 12.5M and 12.95M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.40% before jumping 20.49% in the following quarter.

AIP Dividends

Arteris Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Arteris Inc (NASDAQ:AIP)’s Major holders

Arteris Inc insiders hold 33.60% of total outstanding shares, with institutional holders owning 40.89% of the shares at 61.58% float percentage. In total, 40.89% institutions holds shares in the company, led by NEEDHAM INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 2.38 million shares (or 6.3247% of shares), all amounting to roughly $17.91 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 1.6 million shares, or about 4.2424% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.01 million.

We also have Needham Aggressive Growth Fund and Franklin Strategic Series-Franklin Small-Mid Cap Growth as the top two Mutual Funds with the largest holdings of the Arteris Inc (AIP) shares. Going by data provided on Sep 30, 2024 , Needham Aggressive Growth Fund holds roughly 2.33 shares. This is just over 5.79% of the total shares, with a market valuation of $23.88 million. Data from the same date shows that the other fund manager holds a little less at 1.32, or 3.28% of the shares, all valued at about 13.54 million.