Inphi Hits New 52-Week High at $17.17 (IPHI)
Inphi (NASDAQ:IPHI)’s share price reached a new 52-week high during trading on Wednesday , AmericanBankingNews.com reports. The stock traded as high as $17.17 and last traded at $16.81, with a volume of 865,928 shares changing hands. The stock had previously closed at $12.79.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Inphi in a research note on Wednesday. They now have a $15.00 price target on the stock, up previously from $13.00. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.64.
The stock’s 50-day moving average is $14.44 and its 200-day moving average is $14.31. The company’s market cap is $496.9 million.
Inphi (NASDAQ:IPHI) last released its earnings data on Tuesday, July 29th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $33.90 million for the quarter, compared to the consensus estimate of $33.73 million. During the same quarter last year, the company posted $0.01 earnings per share. Inphi’s revenue was up 39.5% compared to the same quarter last year. Analysts expect that Inphi will post $0.40 EPS 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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