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Arteris received about 3.3 million dollars in new funding from a government program focused on making microelectronics more secure. The company will use the money to expand its work with partners like BAE Systems and SiFive to verify that parts of a chip design from outside suppliers are safe to use.
While the dollar amount is small for a company of this size, it reinforces Arteris's role in the high-stakes world of AI chip design. As chips become more complex, ensuring that the "glue" connecting different parts of the processor is secure becomes a key selling point for customers in sensitive industries.
Source: GlobeNewsWire
Craig-Hallum set a price target of 30 dollars for the stock. This is lower than the average target of 40 dollars from other analysts who follow the company. Even with the lower target, the firm's outlook suggests they see significant room for the stock to rise from its current level of about 19 dollars. This reflects the general optimism around the company's role in the AI chip market, even as the stock has been volatile lately.
Source: Craig-Hallum
Management has a long history of setting conservative targets and clearing them by a few cents, though a recent miss suggests the business is becoming harder to predict as it scales.
| Expectation | |
|---|---|
| EPS | $-0.04 |
| Revenue | $25M |