Jefferies Group LLC set a $50.00 price target on Inphi Corporation (NYSE:IPHI) in a report released on Wednesday, October 18th. The firm currently has a buy rating on the semiconductor company’s stock.
Other research analysts have also issued reports about the company. J P Morgan Chase & Co reiterated an overweight rating and issued a $50.00 target price (down from $54.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. B. Riley reiterated a buy rating and issued a $45.00 target price on shares of Inphi Corporation in a report on Monday, August 7th. BidaskClub upgraded Inphi Corporation from a sell rating to a hold rating in a report on Saturday, July 8th. Deutsche Bank AG decreased their target price on Inphi Corporation from $47.00 to $46.00 and set a buy rating for the company in a report on Friday, July 21st. Finally, Roth Capital decreased their target price on Inphi Corporation from $51.70 to $44.00 and set a buy rating for the company in a report on Tuesday, August 8th. Four 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’s stock. The company has an average rating of Buy and a consensus price target of $43.46.
Shares of Inphi Corporation (NYSE:IPHI) opened at 38.44 on Wednesday. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 22.98 and a beta of 1.19. The firm has a 50-day moving average price of $38.45 and a 200 day moving average price of $38.49.
Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million during 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 company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. On average, analysts forecast that Inphi Corporation will post $1.52 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of IPHI. Quantbot Technologies LP acquired a new position in Inphi Corporation in the 2nd quarter valued at about $118,000. Ameritas Investment Partners Inc. increased its position in Inphi Corporation by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 219 shares during the period. FNY Partners Fund LP increased its position in Inphi Corporation by 1,345.0% in the 1st quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 2,932 shares during the period. BNP Paribas Arbitrage SA increased its position in Inphi Corporation by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 3,940 shares during the period. Finally, US Bancorp DE increased its position in Inphi Corporation by 77.6% in the 2nd quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 2,715 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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