Northland Securities restated their hold rating on shares of Inphi Corporation (NYSE:IPHI) in a research report report published on Friday, September 15th. Northland Securities currently has a $33.00 target price on the semiconductor company’s stock.
Other analysts also recently issued reports about the company. B. Riley reaffirmed a buy rating and set a $45.00 price objective on shares of Inphi Corporation in a research note on Wednesday, August 2nd. J P Morgan Chase & Co reaffirmed an overweight rating and set a $50.00 price objective (down from $54.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. BidaskClub upgraded Inphi Corporation from a sell rating to a hold rating in a research report on Saturday, July 8th. Deutsche Bank AG dropped their target price on Inphi Corporation from $47.00 to $46.00 and set a buy rating on the stock in a research report on Friday, July 21st. Finally, Roth Capital dropped 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, August 8th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Inphi Corporation has an average rating of Buy and a consensus price target of $44.81.
Shares of Inphi Corporation (NYSE IPHI) traded up 1.69% on Friday, hitting $38.40. 343,006 shares of the stock traded hands. The firm has a market cap of $1.62 billion, a PE ratio of 22.95 and a beta of 1.14. The firm has a 50 day moving average price of $37.23 and a 200 day moving average price of $39.81. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78.
Inphi Corporation (NYSE:IPHI) last posted its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the previous year, the business earned $0.32 EPS. The business’s quarterly revenue was up 39.5% on a year-over-year basis. On average, equities analysts forecast that Inphi Corporation will post $1.50 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Inphi Corporation by 1,047.9% in the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Capital Research Global Investors increased its holdings in Inphi Corporation by 3.7% in the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after purchasing an additional 180,367 shares in the last quarter. Vanguard Group Inc. increased its holdings in Inphi Corporation by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after purchasing an additional 97,957 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Inphi Corporation by 1,081.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock valued at $94,624,000 after purchasing an additional 2,525,313 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Inphi Corporation by 75,144.6% during the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock valued at $121,921,000 after acquiring an additional 2,494,049 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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