AIP Stock Summary and Trading Ideas (Arteris | NASDAQ:AIP)

Arteris Inc is a developer of on-chip interconnect fabric technology designed for a variety of devices and in the development and distribution of Network-on-Chip (NoC) interconnect intellectual property (IP). The company's technology is used in System-on-Chip (SoC) and provides software and services to automate SoC integration, enabling users to efficiently deploy NoC IP, and offer IP support, maintenance services, professional services, and training and on-site support services. The company operates in Americas, Asia Pacific and Europe, Middle East, out of which it derives maximum profit from Asia Pacific.

Arteris trades on the NASDAQ stock market under the symbol AIP.

As of January 28, 2025, AIP stock price declined to $9.83 with 19,948 million shares trading.

AIP has a beta of 2.73, meaning it tends to be more sensitive to market movements. AIP has a correlation of 0.30 to the broad based SPY ETF.

AIP has a market cap of $394.94 million. This is considered a Small Cap stock.

Last quarter Arteris reported $15 million in Revenue and -$.08 earnings per share. This beat revenue expectation by $3,000 and exceeded earnings estimates by $.04.

In the last 3 years, AIP traded as high as $20.63 and as low as $3.27.

The top ETF exchange traded funds that AIP belongs to (by Net Assets): IWM, VTI, VXF, IWO, VTWO.

AIP has outperformed the market in the last year with a return of +63.6%, while the SPY ETF gained +24.3%. In the last 3 month period, AIP beat the market returning +43.7%, while SPY returned +3.7%. However, in the most recent 2 weeks AIP has underperformed the stock market by returning -12.4%, while SPY returned +3.0%.

AIP support price is $9.82 and resistance is $10.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIP shares will trade within this expected range on the day.