In a report released yesterday, Quinn Bolton from Needham maintained a Buy rating on Inphi Corp (IPHI), with a price target of $54. The company’s shares closed yesterday at $43.18.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 15.5% and a 65.3% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Quantenna Communications, and Applied Materials Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Inphi Corp with a $50.73 average price target, a 17.5% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $53 price target.
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Based on Inphi Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $22.75 million. In comparison, last year the company had a GAAP net loss of $22.99 million.
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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.
