Inphi Corp. (IPHI) Higher On Positive Analyst Comments

Shares of Inphi Corp. (NYSE: IPHI) are higher following positive comments from analyst at Jefferies, which raised estimates and its price target from $14 to $18.

The firm said, "Commentary from Server and Memory players indicates potential for upside from Cloud/Data Center driven by LR-DIMM on Romley. We're raising our 2012 EPS by 10% and our estimates are biased upward. IPHI is up 20% in the last 3 months (vs. SOX up 5%), and 100% off the bottom in Aug'11. We expect continued outperformance driven by LR-DIMM in 1H12 and 100GE in 2H12. Raising PT to $18, reiterate Buy."

For an analyst ratings summary and ratings history on Inphi Corp. click here. For more ratings news on Inphi Corp. click here.

Shares of Inphi Corp. closed at $14.58 yesterday.

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