Arteris (NASDAQ:AIP) Announces Earnings Results, Misses Estimates By $0.08 EPS

Arteris (NASDAQ:AIP - Get Free Report) released its earnings results on Tuesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.08), Zacks reports. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The company had revenue of $15.49 million during the quarter, compared to analysts' expectations of $15.34 million. Arteris updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Arteris Trading Down 5.8 %

Shares of AIP stock traded down $0.57 during mid-day trading on Friday, reaching $9.28. The company's stock had a trading volume of 329,535 shares, compared to its average volume of 257,295. The company's 50 day simple moving average is $10.53 and its 200-day simple moving average is $8.72. 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 1.17 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $380.02 million, a PE ratio of -10.67 and a beta of 1.18.

Insider Activity

In other news, CFO Nicholas B. Hawkins sold 5,000 shares of Arteris stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $8.56, for a total transaction of $42,800.00. Following the sale, the chief financial officer now owns 190,414 shares in the company, valued at $1,629,943.84. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO K Charles Janac sold 50,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $10.33, for a total transaction of $516,500.00. Following the completion of the transaction, the chief executive officer now owns 9,907,691 shares of the company's stock, valued at $102,346,448.03. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 367,157 shares of company stock valued at $3,828,388. Company insiders own 33.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AIP shares. Rosenblatt Securities restated a "buy" rating and issued a $15.00 target price on shares of Arteris in a report on Tuesday. Northland Securities increased their target price on Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a research report on Wednesday.

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.