In a report released yesterday, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Arteris (AIP – Research Report). The company’s shares closed last Friday at $4.03.
Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Lattice Semiconductor. According to TipRanks, Mosesmann has an average return of 20.7% and a 64.01% success rate on recommended stocks.
Arteris has an analyst consensus of Moderate Buy, with a price target consensus of $9.50.
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The company has a one-year high of $20.63 and a one-year low of $3.27. Currently, Arteris has an average volume of 96.09K.
Based on the recent corporate insider activity of 42 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 27,083.00 shares for a total of $16,249.80.
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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…
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