Needham Believes Inphi (IPHI) Still Has Room to Grow
Needham analyst Quinn Bolton assigned a Buy rating to Inphi (IPHI) today and set a price target of $135.00. The company’s shares closed last Monday at $120.13, close to its 52-week high of $127.79.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 30.1% and a 77.1% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Energy Industries, and Ultra Clean Holdings.
Inphi has an analyst consensus of Strong Buy, with a price target consensus of $120.04, a -1.1% downside from current levels. In a report issued on June 25, J.P. Morgan also maintained a Buy rating on the stock with a $126.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $127.79 and a one-year low of $51.60. Currently, Inphi has an average volume of 1.42M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.