Inphi Given Consensus Rating of “Buy” by Analysts (NASDAQ:IPHI)
Inphi (NASDAQ:IPHI) has received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, ARN reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.79.
Inphi (NASDAQ:IPHI) traded down 2.62% on Friday, hitting $14.86. The stock had a trading volume of 52,600 shares. Inphi has a one year low of $10.87 and a one year high of $17.17. The stock’s 50-day moving average is $14.46 and its 200-day moving average is $14.33. The company’s market cap is $466.3 million.
Inphi (NASDAQ:IPHI) last issued its quarterly 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. On average, analysts predict that Inphi will post $0.41 earnings per share for the current fiscal year.
IPHI has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Inphi from $17.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Inphi from $17.00 to $20.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Inphi from $16.00 to $17.00 in a research note on Thursday.
Inphi Corporation (NASDAQ:IPHI) is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
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