Arteris (AIP) Scheduled to Post Quarterly Earnings on Thursday

Arteris (NASDAQ:AIP) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Arteris has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $12.50 million during the quarter, compared to the consensus estimate of $11.90 million. Arteris had a negative net margin of 68.70% and a negative return on equity of 150.71%. On average, analysts expect Arteris to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Arteris Stock Up 2.0 %

Arteris stock opened at $6.65 on Thursday. The stock has a market cap of $251.70 million, a P/E ratio of -6.39 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.09. Arteris has a twelve month low of $3.66 and a twelve month high of $8.08. The company’s 50-day moving average price is $7.00 and its two-hundred day moving average price is $6.15.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Arteris in a report on Tuesday, February 20th.

Insider Transactions at Arteris

In other news, VP Paul L. Alpern sold 11,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.13, for a total transaction of $68,962.50. Following the transaction, the vice president now directly owns 87,521 shares of the company’s stock, valued at $536,503.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Nicholas B. Hawkins sold 10,000 shares of Arteris stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $6.96, for a total value of $69,600.00. Following the transaction, the chief financial officer now directly owns 279,727 shares of the company’s stock, valued at $1,946,899.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul L. Alpern sold 11,250 shares of Arteris stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.13, for a total transaction of $68,962.50. Following the completion of the transaction, the vice president now directly owns 87,521 shares in the company, valued at $536,503.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,264 shares of company stock valued at $558,958. 36.10% of the stock is currently owned by company insiders.

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.