Arteris (AIP) Projected to Post Earnings on Tuesday

Arteris (NASDAQ:AIP) is expected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Arteris to post 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 Price Performance

Shares of NASDAQ AIP opened at $9.76 on Monday. Arteris has a twelve month low of $5.76 and a twelve month high of $12.64. The firm has a fifty day simple moving average of $10.52 and a 200 day simple moving average of $8.65. The company has a market capitalization of $392.16 million, a PE ratio of -10.17 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Arteris

In other news, CEO K Charles Janac sold 17,856 shares of Arteris stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $10.12, for a total transaction of $180,702.72. Following the completion of the transaction, the chief executive officer now directly owns 10,287,435 shares in the company, valued at $104,108,842.20. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wayne C. Cantwell sold 5,000 shares of Arteris stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the director now owns 233,198 shares of the company’s stock, valued at $2,567,509.98. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 367,157 shares of company stock valued at $3,828,388. Corporate insiders own 33.70% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price 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.