Inphi Corp (IPHI) Gets a Hold Rating from Rosenblatt Securities

Rosenblatt Securities analyst Hans Mosesmann maintained a Hold rating on Inphi Corp (IPHI) today. The company’s shares closed yesterday at $60.24, close to its 52-week high of $63.18.

Mosesmann wrote:

“We like the setup over time to the Cisco/Acacia dynamic. IPHI shares have powered up ~25% in the last 3 months and now may incorporate much of the cloud momentum, thus, we remain neutral on the shares. However, we do believe management has proven convincingly that the company can grow at target CAGR rates even without Huawei. Earnings Recap Inphi reported 2Q19 sales of $86.3 million, up 4.9% q/q, above our $84.3 million estimate (consensus of $84.4 million), driven by growth of products inside the data center (specifically the PAM4 DSP , 50/100/200/400G PAM4 platform interconnect family, and DSP TiA platform solutions) and between the data center (specifically COLORZ solutions) offset by restrictions imposed on Chinese long haul and metro customers.”

According to, Mosesmann is a 5-star analyst with an average return of 13.1% and a 59.8% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Lattice Semicon.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Inphi Corp with a $57 average 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 $28.46 million.

Based on the recent corporate insider activity of 103 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. The Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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