Arteris (AIP) to Release Earnings on Tuesday

Arteris (NASDAQ:AIP) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $15.34 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Arteris Stock Up 3.0 %

Arteris stock opened at $9.92 on Tuesday. Arteris has a twelve month low of $5.76 and a twelve month high of $12.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $10.44 and a 200-day moving average of $8.61. The stock has a market capitalization of $398.59 million, a PE ratio of -10.33 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a report on Wednesday, November 6th.

Insider Transactions at Arteris

In related news, VP Paul L. Alpern sold 2,471 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total transaction of $28,194.11. Following the completion of the transaction, the vice president now directly owns 64,930 shares of the company’s stock, valued at approximately $740,851.30. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nicholas B. Hawkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $8.56, for a total value of $42,800.00. Following the completion of the transaction, the chief financial officer now owns 190,414 shares of the company’s stock, valued at approximately $1,629,943.84. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 367,157 shares of company stock valued at $3,828,388 in the last ninety days. 33.70% of the stock is currently owned by corporate insiders.

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.