Inphi Corporation (NYSE:IPHI)‘s stock had its “hold” rating reaffirmed by Northland Securities in a research report issued on Friday. They currently have a $33.00 price target on the semiconductor company’s stock. Northland Securities’ target price indicates a potential downside of 17.89% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Rosenblatt Securities reissued a “buy” rating and issued a $41.00 price objective on shares of Inphi Corporation in a research report on Wednesday, June 28th. BidaskClub raised shares of Inphi Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Deutsche Bank AG cut their price objective on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price objective on shares of Inphi Corporation in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.81.
Inphi Corporation (NYSE:IPHI) traded up 4.12% during mid-day trading on Friday, hitting $40.19. 986,902 shares of the stock traded hands. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The firm’s 50-day moving average is $37.16 and its 200-day moving average is $40.01. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 24.02 and a beta of 1.14.
Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating 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 $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. Equities research analysts expect that Inphi Corporation will post $1.50 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. grew its holdings in Inphi Corporation by 0.3% in the first quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock valued at $324,000 after purchasing an additional 20 shares during the period. Bank of Montreal Can grew its holdings in Inphi Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 5,673 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 105 shares during the period. Albion Financial Group UT grew its holdings in Inphi Corporation by 1.3% in the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 125 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Inphi Corporation by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares during the period. Finally, Juncture Wealth Strategies LLC grew its holdings in Inphi Corporation by 2.7% in the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 647 shares during the period.
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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