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

Arteris (NASDAQ:AIP) announced its quarterly earnings results on Tuesday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08), Zacks reports. The firm had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative net margin of 65.72% and a negative return on equity of 437.95%. Arteris updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Arteris Stock Performance

NASDAQ:AIP opened at $9.99 on Thursday. The business has a 50 day moving average price of $10.56 and a 200-day moving average price of $8.70. Arteris has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The firm has a market cap of $401.40 million, a PE ratio of -10.41 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Insiders Place Their Bets

In related news, CFO Nicholas B. Hawkins sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total value of $113,630.00. Following the transaction, the chief financial officer now directly owns 154,308 shares of the company’s stock, valued at approximately $1,594,001.64. The trade was a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul L. Alpern sold 2,471 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total value of $28,194.11. Following the completion of the transaction, the vice president now directly owns 64,930 shares in the company, valued at approximately $740,851.30. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 367,157 shares of company stock worth $3,828,388. 33.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Northland Securities increased their price objective on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

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.