DA Davidson began coverage on shares of Inphi Corporation (NYSE:IPHI) in a research report sent to investors on Monday. The firm issued a neutral rating and a $40.00 price target on the semiconductor company’s stock.
A number of other equities research analysts also recently issued reports on IPHI. B. Riley reissued a buy rating and set a $45.00 price target on shares of Inphi Corporation in a research report on Wednesday, August 2nd. Craig Hallum reaffirmed a buy rating and issued a $44.00 target price (down previously from $49.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. Morgan Stanley decreased their target price on Inphi Corporation from $48.00 to $44.00 and set an overweight rating for the company in a research report on Tuesday, August 8th. Deutsche Bank AG decreased their target price on Inphi Corporation from $46.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Finally, Cowen and Company reaffirmed a buy rating and issued a $45.00 target price on shares of Inphi Corporation in a research report on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $43.46.
Shares of Inphi Corporation (NYSE:IPHI) traded down 0.37% during trading on Monday, reaching $37.36. The company had a trading volume of 320,194 shares. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 22.33 and a beta of 1.19. The firm has a 50-day moving average of $38.49 and a 200 day moving average of $38.80.
Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts forecast that Inphi Corporation will post $1.52 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd lifted its stake in shares of Inphi Corporation by 113.6% in the first quarter. BlueCrest Capital Management Ltd now owns 23,500 shares of the semiconductor company’s stock worth $1,147,000 after acquiring an additional 12,500 shares in the last quarter. Scout Investments Inc. acquired a new position in shares of Inphi Corporation in the second quarter worth about $1,271,000. Frontier Capital Management Co. LLC acquired a new position in shares of Inphi Corporation in the second quarter worth about $12,391,000. Vanguard Group Inc. lifted its stake in shares of Inphi Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock worth $145,001,000 after acquiring an additional 143,904 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Inphi Corporation by 23.3% in the second quarter. Bank of New York Mellon Corp now owns 1,346,617 shares of the semiconductor company’s stock worth $46,190,000 after acquiring an additional 254,207 shares in the last quarter.
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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