Investing.com
Published Aug 05, 2020 08:11AM ET
Barclays (LON:BARC) analyst Blayne Curtis maintained a Buy rating on Inphi (NYSE:IPHI) Corp on Tuesday, setting a price target of $145, which is approximately 7.22% above the present share price of $135.23.
Curtis expects Inphi Corp to post earnings per share (EPS) of -$0.44 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Inphi, with an average price target of $140.67.
The analysts price targets range from a high of $164 to a low of $112.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $139.43 million and a net profit of -$16.3 million. The company's market cap is $6.32 billion.
According to TipRanks.com, Barclays analyst Blayne Curtis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.1% and a 65.77% success rate.
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.
Written By: Investing.com
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