Inphi Corporation (IPHI) Receives Buy Rating from Jefferies Group LLC

Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a report issued on Tuesday. They currently have a $50.00 price objective on the semiconductor company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 31.65% from the company’s previous close.

Several other analysts have also weighed in on IPHI. Zacks Investment Research upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. BidaskClub lowered shares of Inphi Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Rosenblatt Securities reiterated a “buy” rating and set a $41.00 target price on shares of Inphi Corporation in a research note on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating on shares of Inphi Corporation in a research note on Friday, July 14th. Finally, Deutsche Bank AG lowered their target price on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Inphi Corporation presently has a consensus rating of “Buy” and an average price target of $44.58.

Shares of Inphi Corporation (NYSE:IPHI) opened at 37.98 on Tuesday. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The firm has a market cap of $1.61 billion, a PE ratio of 22.70 and a beta of 1.14. The company’s 50-day moving average is $37.06 and its 200-day moving average is $40.16.

Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $84.40 million during the quarter, compared to analyst estimates of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Analysts forecast that Inphi Corporation will post $1.50 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Inphi Corporation during the second quarter worth about $118,000. Ameritas Investment Partners Inc. grew its position in shares of Inphi Corporation by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 219 shares during the last quarter. FNY Partners Fund LP grew its position in shares of Inphi Corporation by 1,345.0% during the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 2,932 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Inphi Corporation by 422.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,940 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Inphi Corporation by 27.5% during the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after acquiring an additional 754 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)

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