Needham Gives a Buy Rating to Inphi Corp

By Jason Carr

Needham analyst Quinn Bolton assigned a Buy rating to Inphi Corp (NYSE: IPHI) today and set a price target of $50. The company’s shares opened today at $41.12.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 18.6% and a 69.8% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Quantenna Communications, and Integrated Device Tech.

Currently, the analyst consensus on Inphi Corp is Strong Buy and the average price target is $44.28, representing a 7.7% upside.

In a report issued on October 30, Roth Capital also reiterated a Buy rating on the stock with a $44 price target.

The company has a one-year high of $51.78 and a one-year low of $33. Currently, Inphi Corp has an average volume of 719K.

Based on the recent corporate insider activity of 77 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.