Inphi (IPHI) Receives a Rating Update from a Top Analyst

By Carrie Williams

Needham analyst Quinn Bolton maintained a Buy rating on Inphi (IPHIResearch Report) today and set a price target of $85.00. The company’s shares closed last Monday at $73.73, close to its 52-week high of $74.95.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 21.3% and a 71.4% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as Ultra Clean Holdings, Skyworks Solutions, and Applied Materials.

Currently, the analyst consensus on Inphi is a Moderate Buy with an average price target of $68.80, which is a -5.4% downside from current levels. In a report issued on October 30, Deutsche Bank also maintained a Buy rating on the stock with a $70.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $74.95 and a one-year low of $29.56. Currently, Inphi has an average volume of 899.7K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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