Jefferies Maintains a 'Buy' on Inphi Corp. (IPHI); Premium Growth in 2012
Tweet
Share
E-mailGet Alerts IPHI Hot Sheet
Price: $172.27 --0%
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Inphi Corp. (NYSE: IPHI) price target raised $1 to $14.00.
Jefferies analyst says, "Q3 results and Q4 guidance were below Street expectations driven by a cautious demand environment, but Inphi's design win pipeline remains strong at ~$460m, suggesting potential for demand snapback with restocking. We continue to have a positive view of Inphi's product cycles in LR-DIMM and 100GE, and expect Inphi's revenue growth in 2012 to rank among the highest in the group, if not the highest."
"We nudged our 2012 revenues and EPS down to $100.5m (from $104.7m), and $0.40 (from $0.43). We raised our PT to $14 (from $13) as we expect IPHI to trade at a premium to the group for its projected 2012 revenue and EPS growth of 25-30% and 50-60% respectively."
For more ratings news on Inphi Corp. click here and for the rating history of Inphi Corp. click here.
Shares of Inphi Corp. closed at $10.54 yesterday.
Jefferies analyst says, "Q3 results and Q4 guidance were below Street expectations driven by a cautious demand environment, but Inphi's design win pipeline remains strong at ~$460m, suggesting potential for demand snapback with restocking. We continue to have a positive view of Inphi's product cycles in LR-DIMM and 100GE, and expect Inphi's revenue growth in 2012 to rank among the highest in the group, if not the highest."
"We nudged our 2012 revenues and EPS down to $100.5m (from $104.7m), and $0.40 (from $0.43). We raised our PT to $14 (from $13) as we expect IPHI to trade at a premium to the group for its projected 2012 revenue and EPS growth of 25-30% and 50-60% respectively."
For more ratings news on Inphi Corp. click here and for the rating history of Inphi Corp. click here.
Shares of Inphi Corp. closed at $10.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Intuitive Surgical (ISRG) PT Raised to $435 at Piper Sandler
- Synovus Financial (SNV) PT Lowered to $42 at Piper Sandler
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
