Inphi (IPHI) was Upgraded to a Hold Rating at Northland Securities
Northland Securities analyst Tim Savageaux upgraded Inphi (IPHI) to Hold today and set a price target of $120.00. The company’s shares closed last Tuesday at $131.10, close to its 52-week high of $142.00.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 11.4% and a 60.3% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.
Inphi has an analyst consensus of Strong Buy, with a price target consensus of $136.36.
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The company has a one-year high of $142.00 and a one-year low of $55.72. Currently, Inphi has an average volume of 1.29M.
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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. The Semiconductor solutions comprises of solutions that address bandwidth bottlenecks in networks; maximize throughput and minimize latency in computing environments; and enable the rollout of next generation communications, datacenter, and computing infrastructures. The company was founded by Loi Nguyen, Gopal Raghavan, Timothy D. Semones, and Ashok Dhawan in November 2000 and is headquartered in Santa Clara, CA.