NEW YORK, February 3 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Hold rating on the shares of Inphi Corporation (NYSE: IPHI). The 12-month target price has been raised from $10 to $14.

In a research note published yesterday, the analysts mention that Inphi Corporation reported revenue upside in the quarter, driven by the strength of R-DIMMs for new Romley and Interlagos server platforms. However, the higher revenue was a positive, though it appears that ramp in LR-DIMM continues to go down q/q and visibility remains limited, the analysts say. The analysts are confident of IPHI’s ability to expand revenue firmly in 2012, though the share prices have accounted for this increase. The hold recommendation is maintained, though the increase in target price is based on newly launched 2013 estimates.