Arteris (AIP) Projected to Post Quarterly Earnings on Tuesday

Arteris (NASDAQ:AIP) will likely be issuing its quarterly earnings data 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 that are interested in participating in the company’s conference call can do so using this link.

Arteris Price Performance

Shares of AIP stock opened at $9.92 on Tuesday. The firm has a market cap of $398.59 million, a price-to-earnings ratio of -10.33 and a beta of 1.18. Arteris has a 12 month low of $5.76 and a 12 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 stock has a 50-day moving average price of $10.44 and a 200 day moving average price of $8.61.

Insider Activity at Arteris

In other Arteris news, CEO K Charles Janac sold 60,584 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $10.42, for a total value of $631,285.28. Following the completion of the sale, the chief executive officer now owns 10,134,541 shares of the company’s stock, valued at approximately $105,601,917.22. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul L. Alpern sold 3,326 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $12.35, for a total transaction of $41,076.10. Following the completion of the sale, the vice president now owns 61,604 shares in the company, valued at approximately $760,809.40. This trade represents a 5.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 367,157 shares of company stock worth $3,828,388. 33.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Arteris Company Profile

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.