Inphi Corp Receives a Buy from B.Riley FBR

By Carrie Williams

In a report issued on January 29, Dave Kang from B.Riley FBR reiterated a Buy rating on Inphi Corp (NYSE: IPHI), with a price target of $43.50. The company’s shares closed yesterday at $29.87, close to its 52-week low of $29.55.

According to, Kang is a 4-star analyst with an average return of 13.6% and a 50.7% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Applied Optoelectronics, and Acacia Communications.

Currently, the analyst consensus on Inphi Corp is Moderate Buy and the average price target is $40.33, representing a 35.0% upside.

In a report issued on January 19, Needham also assigned a Buy rating to the stock with a $45 price target.

Based on Inphi Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $84.51 million and GAAP net loss of $48.77 million. In comparison, last year the company earned revenue of $80.91 million and had a net profit of $19.12 million.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

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Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.