![]() On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. IPHI stock was up 24.8% as of Thursday morning. For comparison, Wall Street was looking for an adjusted EPS of 85 cents on revenue of $180.73 million. The company reported adjusted earnings per share of 88 cents on revenue of $180.69 million. The Inphi news comes alongside its earnings report for the third quarter of 2020. Combining with Marvell significantly increases our scale, accelerates our access to the next generations of process technology, and opens up new opportunities in 5G connectivity.” “Marvell and Inphi share a vision to enable the world’s data infrastructure and we have both transformed our respective businesses to benefit from the strong secular growth expected in the cloud data center and 5G wireless markets. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Tamer had the following to say about the Inphi and Marvell Technology news. A high-level overview of Inphi Corporation (IPHI) stock. The deal is expected to close in the second half of 2021. ![]() semiconductor company with a value of $40 billion. The company will also be reorganized to create a U.S. That also represents a 42.2% premium over the closing price of IPHI stock at yesterday’s close.Īccording to the news release, the deal will see current Inphi president and CEO Ford Tamer joining Marvell Technology’s Board of Directors once the deal is complete. and speculation of future growth in statements associated with IPHI stock. The resulting combined company, using the Marvell name, is a Delaware company domiciled in the. It translates to $157.83 per share based on a closing price of $39.53 per share for MRVL stock on Wednesday. IPHI has a beta of 1.50 and the terminal growth rate used in the model is 2. Marvell Technology (NASDAQ: MRVL) closes its 10B cash and stock acquisition of Inphi (NASDAQ: IPHI). That offer from Marvell Technology has it valuing Inphi’s stock at a pretty premium. This has it setting a price of $66 per share and 2.323 shares of MRVL stock for each share of IPHI stock. Inphi Corp Tomorrows Movement Prediction Forecast & share price targets for tomorrow -IPHI Inphi Corp stock price movement predictions for tomorrow,weekly. Source: Sundry Photography / Ī new release reveals that Marvell Technology is planning to acquire Inphi with a mix of cash and stock.
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