Arteris (NASDAQ:AIP) Releases Earnings Results, Misses Expectations By $0.08 EPS

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

Arteris Trading Down 1.5 %

Shares of AIP stock opened at $9.99 on Thursday. Arteris has a 52-week low of $5.76 and a 52-week high of $12.64. The stock has a market cap of $401.40 million, a price-to-earnings 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. The firm has a fifty day moving average of $10.56 and a 200-day moving average of $8.70.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Tuesday. Northland Securities upped their target price on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arteris has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Insider Activity

In other news, Director Wayne C. Cantwell sold 5,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 233,198 shares in the company, valued at approximately $2,567,509.98. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO K Charles Janac sold 17,856 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $10.12, for a total transaction of $180,702.72. Following the sale, the chief executive officer now directly owns 10,287,435 shares of the company’s stock, valued at approximately $104,108,842.20. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 367,157 shares of company stock worth $3,828,388. 33.70% of the stock is currently owned by corporate insiders.

About Arteris

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.