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Fly News Breaks for November 12, 2019
IPHI
Nov 12, 2019 | 07:03 EDT
JPMorgan analyst Harlan Sur raised his price target for Inphi to $95 from $77 after the company announced that it will acquire private semiconductor company eSilicon for $216M. Through the acquisition, Inphi expands its addressable market in the data center and telecom markets with top tier networking and cloud customers, Sur tells investors in a research note. He reiterates an Overweight rating on the shares.
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