Analysts Offer Insights on Consumer Goods Companies: Calamp (NASDAQ: CAMP) and Inphi Corp (NYSE: IPHI)

By Jason Carr

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Calamp (CAMPResearch Report) and Inphi Corp (IPHIResearch Report).

Calamp (CAMP)

B.Riley FBR analyst Josh Nichols maintained a Buy rating on Calamp today and set a price target of $18. The company’s shares closed yesterday at $14.61.

Nichols said:

“Buy-rated CalAmp (CAMP , $18 PT) reported F4Q19 (Feb) results on Tuesday, 4/30. Revenue of $84M came in below guidance of $86M-$92M as well as our and consensus $89M projection, although pro forma EPS of $0.28 outpaced our and consensus $0.25 estimate due to favorable opex. EBITDA of $11M was at the lower end of guidance of $10M-$14M and below our and consensus $12M. Shares were down 8% after hours as lingering supply chain transition challenges coupled with a decline in Telematics Systems product sales continue to weigh on growth. The company saw some marginal improvement in 4Q supply chain logistics and implemented some new leadership/process changes, but we believe a final resolution will likely take another quarter to rectify.”

According to TipRanks.com, Nichols is a 4-star analyst with an average return of 10.8% and a 42.6% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Calamp with a $20.50 average price target.

See today’s analyst top recommended stocks >>

Inphi Corp (IPHI)

B.Riley FBR analyst Dave Kang maintained a Hold rating on Inphi Corp today and set a price target of $47. The company’s shares closed yesterday at $45.66, close to its 52-week high of $48.21.

Kang noted:

“Inphi Corp. (IPHI) reported sales/EPS of $82.2M/$0.33, $1.2M/$0.05 above consensus. Datacom sales decreased 19% Q/Q and represented 46% of sales while Telecom sales increased 13% Q/Q and represented 46% of sales. Although PAM4 revenue paused after strong 4Q, the company expects PAM4 to resume growth in 2Q. Telecom demand was primarily driven by coherent DSP and chips (amps, drivers) for 5G, even though management cautioned there could be some inventory build (HSD $M in 2Q/3Q) by Chinese customers ahead of the expected 5G ramp. The company’s two main catalysts will be PAM4 (Datacom) and coherent DSP (Telecom), as both are expected to double from 2018.”

According to TipRanks.com, Kang is a 5-star analyst with an average return of 20.8% and a 66.3% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Luna Innovations Inc.

Inphi Corp has an analyst consensus of Moderate Buy, with a price target consensus of $47.67, which is a 4.4% upside from current levels. In a report issued on April 29, Rosenblatt Securities also assigned a Hold rating to the stock.

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