Analysts Offer Insights on Consumer Goods Companies: PDF Solutions (NASDAQ: PDFS), Fortinet (NASDAQ: FTNT) and Inphi Corp (NYSE: IPHI)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on PDF Solutions (PDFSResearch Report), Fortinet (FTNTResearch Report) and Inphi Corp (IPHIResearch Report).

PDF Solutions (PDFS)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on PDF Solutions, with a price target of $16. The company’s shares closed yesterday at $13.41, close to its 52-week high of $14.

Richard noted:

“We believe that Global Foundries revenue was strong in the quarter, and Samsung and UMC also made meaningful contribution to Gainshare revenue in the quarter. Solutions revenue was $13.4M down from $16.7M. The decline in revenue was due to a Chinese foundry withholding payment trying to negotiate additional services under an exiting contract. This accounted for $1M of the Q/Q decline. In addition, last quarter Global Foundries made a $3.3M payment as part of the amended the 7nm development contract that did not repeat in the quarter. The Company’s analytics business, Exensio and DFI, was up 10% $9.4M or 70% of solutions revenue. DFI Activity: PDFS is current running demos for 4 customers. Two logic customers Intel and Samsung, one leading memory customer either Toshiba or Micron and trailing edge customer in China.”

According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.3% and a 65.9% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, SolarEdge Technologies, and Akoustis Technologies.

PDF Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $17.

See today’s analyst top recommended stocks >>

Fortinet (FTNT)

Northland Securities analyst Robert Breza maintained a Buy rating on Fortinet today and set a price target of $100. The company’s shares closed yesterday at $79.02.

According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.0% and a 59.2% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.

Currently, the analyst consensus on Fortinet is a Moderate Buy with an average price target of $93.42, implying a 18.2% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $110 price target.

Inphi Corp (IPHI)

In a report released today, Tim Savageaux from Northland Securities maintained a Sell rating on Inphi Corp, with a price target of $42. The company’s shares closed yesterday at $60.24, close to its 52-week high of $63.18.

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 3.4% and a 52.1% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

Currently, the analyst consensus on Inphi Corp is a Moderate Buy with an average price target of $57.

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