Needham & Company LLC Increases Inphi Price Target to $17.00 (IPHI)
Equities research analysts at Needham & Company LLC boosted their target price on shares of Inphi (NASDAQ:IPHI) from $16.00 to $17.00 in a research note issued to investors on Thursday. Needham & Company LLC’s price objective points to a potential upside of 12.81% from the stock’s previous close.
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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.79.
Shares of Inphi (NASDAQ:IPHI) traded down 1.25% during mid-day trading on Thursday, hitting $15.07. The stock had a trading volume of 346,595 shares. Inphi has a one year low of $10.87 and a one year high of $17.17. The stock has a 50-day moving average of $14.4 and a 200-day moving average of $14.35. The company’s market cap is $472.9 million.
Inphi (NASDAQ:IPHI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. Analysts expect that Inphi will post $0.41 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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