Deutsche Bank AG Cuts Inphi Corporation (NYSE:IPHI) Price Target to $45.00

Inphi Corporation (NYSE:IPHI) had its target price cut by Deutsche Bank AG from $46.00 to $45.00 in a report issued on Tuesday. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms also recently weighed in on IPHI. Zacks Investment Research raised shares of Inphi Corporation from a sell rating to a hold rating in a research report on Tuesday, May 30th. Cowen and Company dropped their target price on shares of Inphi Corporation from $56.00 to $45.00 and set an outperform rating on the stock in a research report on Wednesday, May 3rd. B. Riley reissued a buy rating and issued a $48.25 target price on shares of Inphi Corporation in a research report on Wednesday, May 3rd. Stifel Nicolaus reissued a buy rating on shares of Inphi Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of Inphi Corporation from a hold rating to a sell rating in a research report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $44.77.

Shares of Inphi Corporation (IPHI) traded up 0.50% during midday trading on Tuesday, reaching $36.19. 821,512 shares of the company were exchanged. The company has a market capitalization of $1.53 billion, a PE ratio of 21.63 and a beta of 1.15. The stock’s 50-day moving average price is $36.89 and its 200-day moving average price is $41.86. 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 earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Analysts anticipate that Inphi Corporation will post $1.52 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Deutsche Bank AG Cuts Inphi Corporation (NYSE:IPHI) Price Target to $45.00” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/12/deutsche-bank-ag-cuts-inphi-corporation-nyseiphi-price-target-to-45-00.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA increased its position in shares of Inphi Corporation by 3.7% in the first quarter. Emerald Advisers Inc. PA now owns 190,722 shares of the semiconductor company’s stock worth $9,311,000 after buying an additional 6,850 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Inphi Corporation during the first quarter worth approximately $1,046,000. First Mercantile Trust Co. increased its position in shares of Inphi Corporation by 124.7% in the first quarter. First Mercantile Trust Co. now owns 21,167 shares of the semiconductor company’s stock worth $1,033,000 after buying an additional 11,745 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Inphi Corporation by 73.7% in the first quarter. Glen Harbor Capital Management LLC now owns 75,718 shares of the semiconductor company’s stock worth $3,697,000 after buying an additional 32,130 shares during the last quarter. Finally, Magee Thomson Investment Partners LLC increased its position in shares of Inphi Corporation by 614,733.3% in the first quarter. Magee Thomson Investment Partners LLC now owns 129,115 shares of the semiconductor company’s stock worth $6,303,000 after buying an additional 129,094 shares during the last quarter.

Inphi Corporation Company Profile

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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

Receive News & Ratings for Inphi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply