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Fly News Breaks for November 12, 2019
IPHI
Nov 12, 2019 | 08:37 EDT
Craig-Hallum analyst Richard Shannon raised his price target for Inphi to $90 from $75 and reiterated a Buy rating after the company announced plans to buy eSilicon for $216M in cash and assumed debt. In a research note to investors, Shannon says eSilicon brings important technologies and capabilities to future leading edge designs in optical communications, and that this combination will have few peers.
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