Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Inphi Corp (IPHI) and Nanometrics Inc (NANO).
Inphi Corp (IPHI)
Northland Securities analyst Tim Savageaux maintained a Sell rating on Inphi Corp today and set a price target of $34. The company’s shares closed yesterday at $45.66, close to its 52-week high of $48.21.
Savageaux wrote:
“We see strong overall/China Telecom demand, esp 200G upgrades in 2H19 and strength in 64 GB ICs supporting 400G-600G and 1.2T telecom speeds, as very positive for the broader 100G+ Optical group with a particular focus on NPTN, and view IPHI’s almost preemptive inventory comments, estimate PAM4 and associated TIA/Driver IC inventories of $7-9M throughout the year relative to ~$5M in 5G PAM4 OC revs in Q1 that is expected to grow, as isolated to accelerated 5G field trials in China. We view the net effect, along with weaker than expected Q1 datacom revs down 19% seq, is to limit upside potential in CY19 with a more front end loaded bias for the year.”
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 7.5% and a 56.9% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Acacia Communications.
Currently, the analyst consensus on Inphi Corp is a Strong Buy with an average price target of $51.25.
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Nanometrics Inc (NANO)
In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Nanometrics Inc, with a price target of $39. The company’s shares closed yesterday at $29.79.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.4% and a 68.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nanometrics Inc with a $32.02 average price target, which is a 7.5% upside from current levels. In a report issued on April 16, Needham also initiated coverage with a Buy rating on the stock.
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