Inphi Corporation (NYSE:IPHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “
Several other equities analysts also recently weighed in on IPHI. BidaskClub downgraded shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $41.00 price target on shares of Inphi Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price target on shares of Inphi Corporation in a report on Thursday, July 6th. Stifel Nicolaus reiterated a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Finally, Deutsche Bank AG cut their price target on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Inphi Corporation presently has an average rating of “Buy” and an average target price of $44.13.
Shares of Inphi Corporation (NYSE:IPHI) opened at 39.01 on Wednesday. The stock has a 50 day moving average of $38.46 and a 200-day moving average of $39.19. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 23.32 and a beta of 1.19.
Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating 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 $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. Inphi Corporation’s revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. On average, analysts anticipate that Inphi Corporation will post $1.52 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of IPHI. Quantbot Technologies LP acquired a new stake in Inphi Corporation in the 2nd quarter valued at $118,000. Ameritas Investment Partners Inc. grew its stake in Inphi Corporation by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 219 shares during the period. FNY Partners Fund LP grew its stake in Inphi Corporation by 1,345.0% in the 1st quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 2,932 shares during the period. BNP Paribas Arbitrage SA grew its stake in Inphi Corporation by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 3,940 shares during the period. Finally, US Bancorp DE grew its stake in Inphi Corporation by 27.5% in the 1st quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after acquiring an additional 754 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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