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Shares of International Rectifier Corp. (NYSE:IRF) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, StockRatingsNetwork reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $31.04.

IRF has been the subject of a number of recent research reports. Analysts at S&P Equity Research reiterated an “average” rating on shares of International Rectifier Corp. in a research note on Thursday. They now have a $21.25 price target on the stock, up previously from $19.14. Separately, analysts at Goldman Sachs upgraded shares of International Rectifier Corp. from a “sell” rating to a “neutral” rating in a research note on Thursday. They now have a $31.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of International Rectifier Corp. from $28.00 to $40.00 in a research note on Thursday. They now have a “market perform” rating on the stock.

Shares of International Rectifier Corp. (NYSE:IRF) opened at 39.10 on Thursday. International Rectifier Corp. has a one year low of $22.78 and a one year high of $39.50. The stock has a 50-day moving average of $27.63 and a 200-day moving average of $26.95. The company has a market cap of $2.797 billion and a P/E ratio of 48.30.

International Rectifier Corp. (NYSE:IRF) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $297.60 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that International Rectifier Corp. will post $1.50 EPS for the current fiscal year.

International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.

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