TD Cowen analyst Matt Ramsay maintained a Buy rating on Arteris (AIP – Research Report) today and set a price target of $11.00. The company’s shares closed yesterday at $6.66.
According to TipRanks, Ramsay is a top 25 analyst with an average return of 25.1% and a 62.50% success rate. Ramsay covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Nvidia, and Qualcomm.
In addition to TD Cowen, Arteris also received a Buy from Northland Securities’s Gus Richard in a report issued today. However, yesterday, BMO Capital assigned a Hold rating to Arteris (NASDAQ: AIP).
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Based on Arteris’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.73 million and a GAAP net loss of $9.17 million. In comparison, last year the company earned a revenue of $14.82 million and had a GAAP net loss of $5.67 million
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Arteris (AIP) Company Description:
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 Third Quarter 2023 and Fourth Quarter and Full Year 2023 Guidance
- Arteris IP awarded ISO 9001 certification for semiconductor system IP system
- Arteris Awarded ISO 9001 Certification for Semiconductor System IP Quality Management System
- Semidynamics and Arteris Partner To Accelerate AI RISC-V System-on-Chip Development
- Arteris IP, Semidynamics partner to accelerate AI RISC-V
