Inphi Corp. (IPHI) Tops Q2 EPS by 1c

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Needham & Company Raises Price Target on Inphi Corp. (IPHI) Following 2Q Results

July 29, 2015 8:57 AM EDT

Needham & Company reiterated a Strong Buy rating on Inphi Corp. (NYSE: IPHI), and raised the price target to $26.00 (from $23.00), Following 2Q results. IPHI reported revenues of $60.7MM, and EPS of $0.24.

Analyst Quinn Bolton commented, "Inphi delivered solid 2Q15 results as strong demand for... More