Merrill Lynch Remains a Buy on Inphi Corp (IPHI)


Merrill Lynch analyst Vivek Arya maintained a Buy rating on Inphi Corp (IPHI) today and set a price target of $80. The company’s shares closed last Monday at $62.38, close to its 52-week high of $66.56.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 16.4% and a 59.8% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Kla-Tencor Corp, and Xilinx Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Inphi Corp with a $63.33 average price target.

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Based on Inphi Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.58 million. In comparison, last year the company had a GAAP net loss of $28.46 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.

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