B.Riley FBR analyst Dave Kang maintained a Hold rating on Inphi (NYSE:IPHI) Corp on Wednesday, setting a price target of $72, which is approximately 35.53% below the present share price of $111.68.
Kang expects Inphi Corp to post earnings per share (EPS) of -$0.49 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Inphi, with an average price target of $146.21.
The analysts price targets range from a high of $164 to a low of $112.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $175.29 million and a net profit of -$4.26 million. The company's market cap is $5.8 billion.
According to TipRanks.com, B.Riley FBR analyst Dave Kang is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.9% and a 68.12% 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.