Cowen and Company reiterated their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research note released on Sunday. The brokerage currently has a $45.00 price target on the semiconductor company’s stock.
Other equities analysts have also issued reports about the company. B. Riley reaffirmed a buy rating and issued a $45.00 price objective on shares of Inphi Corporation in a research note on Wednesday, August 2nd. J P Morgan Chase & Co reaffirmed an overweight rating and issued a $50.00 price objective (down from $54.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. BidaskClub raised Inphi Corporation from a sell rating to a hold rating in a research note on Saturday, July 8th. Deutsche Bank AG cut their price objective on Inphi Corporation from $47.00 to $46.00 and set a buy rating on the stock in a research note on Friday, July 21st. Finally, Roth Capital cut their price objective on Inphi Corporation from $51.70 to $44.00 and set a buy rating on the stock in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $44.13.
Shares of Inphi Corporation (NYSE:IPHI) opened at 39.99 on Friday. The stock has a 50 day moving average price of $38.04 and a 200-day moving average price of $39.44. The company has a market capitalization of $1.69 billion, a PE ratio of 23.90 and a beta of 1.19. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78.
Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities research analysts expect that Inphi Corporation will post $1.52 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. BlueCrest Capital Management Ltd lifted its stake in Inphi Corporation by 113.6% in the first quarter. BlueCrest Capital Management Ltd now owns 23,500 shares of the semiconductor company’s stock valued at $1,147,000 after buying an additional 12,500 shares during the period. Scout Investments Inc. acquired a new position in Inphi Corporation in the second quarter valued at approximately $1,271,000. Frontier Capital Management Co. LLC acquired a new position in Inphi Corporation in the second quarter valued at approximately $12,391,000. Vanguard Group Inc. lifted its stake in Inphi Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock valued at $145,001,000 after buying an additional 143,904 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Inphi Corporation by 23.3% in the second quarter. Bank of New York Mellon Corp now owns 1,346,617 shares of the semiconductor company’s stock valued at $46,190,000 after buying an additional 254,207 shares during the period.
About Inphi Corporation
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.
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