Inphi Given Average Rating of “Buy” by Analysts (NASDAQ:IPHI)
Inphi (NASDAQ:IPHI) has been given a consensus recommendation of “Buy” by the nine analysts that are presently covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.79.
A number of analysts have recently weighed in on IPHI shares. Analysts at Jefferies Group raised their price target on shares of Inphi from $17.00 to $20.00 in a research note on Thursday, July 31st. 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, July 31st. 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, July 31st.
Shares of Inphi (NASDAQ:IPHI) opened at 15.02 on Friday. Inphi has a 52-week low of $10.87 and a 52-week high of $17.17. The stock has a 50-day moving average of $14.46 and a 200-day moving average of $14.39. The company’s market cap is $471.3 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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