Craig Hallum reissued their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a report published on Tuesday morning, The Fly reports. Craig Hallum currently has a $44.00 target price on the semiconductor company’s stock, down from their prior target price of $49.00.
Several other research analysts have also commented on IPHI. B. Riley reissued a buy rating and issued a $48.25 price target on shares of Inphi Corporation in a research report on Wednesday, May 3rd. Northland Securities reissued a hold rating and issued a $30.00 price target on shares of Inphi Corporation in a research report on Thursday, August 3rd. Zacks Investment Research lowered Inphi Corporation from a hold rating to a sell rating in a research report on Friday, August 4th. Roth Capital reduced their target price on Inphi Corporation from $51.70 to $44.00 and set a buy rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reduced their target price on Inphi Corporation from $46.00 to $43.00 and set a strong-buy rating on the stock in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $44.77.
Shares of Inphi Corporation (IPHI) traded up 0.50% during trading on Tuesday, hitting $36.19. The stock had a trading volume of 821,512 shares. The stock has a 50-day moving average price of $36.89 and a 200 day moving average price of $41.86. The company has a market cap of $1.53 billion, a P/E ratio of 21.63 and a beta of 1.15. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78.
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 Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to analyst estimates of $84 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Equities analysts expect that Inphi Corporation will post $1.52 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP raised its position 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 worth $153,000 after buying an additional 2,932 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Inphi Corporation during the second quarter worth $118,000. Ameritas Investment Partners Inc. purchased a new position in shares of Inphi Corporation during the first quarter worth $169,000. US Bancorp DE raised 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 worth $170,000 after buying an additional 754 shares in the last quarter. Finally, Creative Planning raised 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 worth $197,000 after buying an additional 3,164 shares in 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.
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