Jefferies Has Buy on Inphi Corp.

Jefferies & Co. is out with a research report on Inphi Corp. (NASDAQ: IPHI) and it has a Buy rating and a $13 price target on shares.

In a note to clients, Jefferies & Co. writes, "Intel reported it had started shipping Romley server for revenues, and that demand for Romley was forecasted to be ~20X higher than its Nehalem server platform. We think this bodes well for Inphi's LR-DIMM, which we continue to believe has potential to penetrate ~20% of the Server market."

Shares of IPHI closed at $10.12 yesterday.