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Fly News Breaks for November 12, 2019
IPHI
Nov 12, 2019 | 09:44 EDT
DA Davidson analyst Thomas Diffely raised his price target on Inphi to $84 and kept his Buy rating after its decision to acquire eSilicon for $216M. The analyst notes that these products would be complementary with Inphi's DSP, TiA, Driver and SiPho solutions while also boosting its cloud and telecom exposure. Diffely further states that he expects Inphi's 2021 growth to be "significantly higher" than in 2020 based on the company's recent design wins.
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