BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Arteris (AIP – Research Report) today and set a price target of $6.00. The company’s shares closed yesterday at $3.99.
Srivastava covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Microsoft. According to TipRanks, Srivastava has an average return of 11.7% and a 66.67% success rate on recommended stocks.
Arteris has an analyst consensus of Moderate Buy, with a price target consensus of $8.00.
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AIP market cap is currently $138.8M and has a P/E ratio of -4.75.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIP in relation to earlier this year. Last month, Saiyed Atiq Raza, a Director at AIP bought 8,334.00 shares for a total of $5,000.40.
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Arteris Inc is a provider of network-on-chip interconnect semiconductor intellectual property (IP) and IP deployment technology to accelerate system-on-chip semiconductor development and integration for a wide range of applications from AI to automobiles, mobile phones, IoT, cameras, SSD controllers, and servers for customers such as Bosch, Baidu, Mobileye, Samsung, Toshiba and…
Read More on AIP:
- Arteris Announces Financial Results for the First Quarter 2023 and Estimated Second Quarter and Full Year 2023 Guidance
- Arteris IP says Tenstorrent licenses Ncore, FlexNoC interconnect IP
- Tenstorrent Selects Arteris IP for AI High-Performance Computing and Datacenter RISC-V Chiplets
- Arteris IP Licensed by Axelera AI to Accelerate Computer Vision at the Edge
- Arteris IP says Axelera AI licenses Arteris FlexWay
