Inphi Corp. (IPHI): Divestiture is a positive - Jefferies

Jefferies analyst, Mark Lipacis, views the divestiture of Inphi Corp's (NYSE: IPHI) memory business to RMBS as a positive for IPHI because it will translate to increased management focus and execution on the high speed connectivity business, at a time that those end markets are inflecting. The analyst expects higher growth and profit margins post divestiture, and continues to view IPHI as a top play on 100G and data center growth.

No change to Buy rating or price target of $38.00.

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 $31.54 yesterday.

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