Rosenblatt Securities analyst Kevin Garrigan reiterated a Buy rating on Arteris yesterday and set a price target of $14.00. The company’s shares closed yesterday at $13.00.
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According to TipRanks, Garrigan is a 2-star analyst with an average return of -0.1% and a 43.33% success rate. Garrigan covers the Technology sector, focusing on stocks such as Arteris, Lattice Semiconductor, and Microchip.
Arteris has an analyst consensus of Strong Buy, with a price target consensus of $15.00, implying a 15.38% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $15.00 price target.
AIP market cap is currently $379.9M and has a P/E ratio of -11.10.
Based on the recent corporate insider activity of 127 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. Last month, CHARLES K JANAC, the President & CEO of AIP sold 7,153.00 shares for a total of $64,305.47.
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