Northland Securities analyst Gus Richard maintained a Buy rating on Arteris (AIP – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $6.89.
According to TipRanks, Richard is a top 100 analyst with an average return of 21.0% and a 61.05% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Teradyne, and PDF Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arteris with a $12.50 average price target, which is an 81.42% upside from current levels. In a report released yesterday, TD Cowen also reiterated a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $8.08 and a one-year low of $3.57. Currently, Arteris has an average volume of 128K.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIP in relation to earlier this year.
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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 Fourth Quarter and Full Year 2023 and Estimated First Quarter and Full Year 2024 Guidance
- EdgeQ Deploys Arteris IP for its 5G+AI Base Station-on-a-Chip for Wireless Infrastructure
- Arteris announces EdgeQ deployed FlexNoC IP
- Arteris Announces New Employment Inducement Grants
- Arteris Selected by Rain AI for Use in the Next Generation of AI
