Inphi Corporation (NYSE:IPHI) had its price objective reduced by Deutsche Bank AG from $47.00 to $46.00 in a report released on Friday, July 21st. They currently have a buy rating on the semiconductor company’s stock.
Other analysts also recently issued reports about the company. B. Riley restated a buy rating and set a $48.25 price objective on shares of Inphi Corporation in a report on Monday, May 8th. BidaskClub upgraded Inphi Corporation from a sell rating to a hold rating in a report on Saturday, July 8th. Cowen and Company dropped their price objective on Inphi Corporation from $56.00 to $45.00 and set an outperform rating for the company in a report on Wednesday, May 3rd. Stifel Nicolaus reiterated a buy rating on shares of Inphi Corporation in a report on Friday, July 14th. Finally, TheStreet downgraded Inphi Corporation from a b rating to a c rating in a report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $47.10.
Shares of Inphi Corporation (NYSE IPHI) opened at 35.76 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 17.79 and a beta of 1.15. The stock has a 50 day moving average price of $37.19 and a 200-day moving average price of $42.38. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78.
Inphi Corporation (NYSE:IPHI) last released its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $93.58 million during the quarter, compared to the consensus estimate of $93.49 million. Inphi Corporation had a return on equity of 11.23% and a net margin of 28.77%. Equities analysts anticipate that Inphi Corporation will post $1.62 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP increased its stake in shares of Inphi Corporation by 1,345.0% in the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 2,932 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Inphi Corporation during the first quarter valued at approximately $169,000. US Bancorp DE boosted its position in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 754 shares during the last quarter. Creative Planning boosted its position in shares of Inphi Corporation by 367.5% in the first quarter. Creative Planning now owns 4,025 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 3,164 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in shares of Inphi Corporation during the first quarter valued at approximately $217,000.
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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