Inphi Corp. Reaches New 12-Month High at $13.85 (IPHI)
Inphi Corp. (NASDAQ:IPHI)’s share price reached a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $13.85 and last traded at $13.11, with a volume of 660,754 shares traded. The stock had previously closed at $12.65.
A number of analysts have recently weighed in on IPHI shares. Analysts at Craig Hallum initiated coverage on shares of Inphi Corp. (NASDAQ:IPHI) in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Inphi Corp. currently has an average rating of “Buy” and an average target price of $12.88.
In other Inphi Corp. news, Director Diosdado Banatao sold 59,610 shares of Inphi Corp. stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $12.83, for a total transaction of $764,796.30. Following the sale, the director now directly owns 11,557 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Inphi Corp. has a 1-year low of $7.45 and a 1-year high of $13.50. The stock’s 50-day moving average is $12.19 and its 200-day moving average is $10.77. The company’s market cap is $390.0 million.
Inphi Corp. (NASDAQ:IPHI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts predict that Inphi Corp. will post $0.08 earnings per share for the current fiscal year.
Inphi Corporation (NASDAQ:IPHI) is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
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