Arteris (AIP) Expected to Announce Earnings on Tuesday

Arteris (NASDAQ:AIP - Get Free Report) is projected to issue 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 interested in listening to the company's conference call can do so using this link.

Arteris Stock Performance

Shares of NASDAQ:AIP traded up $0.08 during trading on Friday, reaching $9.76. 132,388 shares of the company's stock traded hands, compared to its average volume of 316,326. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. Arteris has a 12 month low of $5.76 and a 12 month high of $12.64. The company has a 50 day moving average of $10.52 and a 200-day moving average of $8.65. The stock has a market capitalization of $392.16 million, a P/E ratio of -10.17 and a beta of 1.18.

Analysts Set New Price Targets

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.

Insider Transactions at Arteris

In related news, Director Isabelle F. Geday sold 15,550 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $9.03, for a total value of $140,416.50. Following the sale, the director now directly owns 121,213 shares in the company, valued at $1,094,553.39. The trade was a 11.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO K Charles Janac sold 60,584 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $10.42, for a total transaction of $631,285.28. Following the completion of the sale, the chief executive officer now owns 10,134,541 shares in the company, valued at $105,601,917.22. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 367,157 shares of company stock valued at $3,828,388. Company insiders own 33.70% of the company's stock.

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.