In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Hold rating on Inphi Corp (IPHI). The company’s shares closed on Friday at $45.14, close to its 52-week high of $48.21.
Mosesmann said:
“We expect the 2Q19 outlook to include some incremental safety inventory for China metro and long haul components and we are comfortable with our estimates of $89.0 million and $0.39, respectively.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.0% and a 59.7% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Lattice Semicon, and Microchip.
Currently, the analyst consensus on Inphi Corp is a Moderate Buy with an average price target of $45.50.
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The company has a one-year high of $48.21 and a one-year low of $28.30. Currently, Inphi Corp has an average volume of 606.4K.
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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.
