Inphi Corp. (IPHI) Rating Reiterated by Stifel Nicolaus
Inphi Corp. (NYSE:IPHI)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They presently have a $48.00 target price on the stock, up from their prior target price of $44.00. Stifel Nicolaus’ price objective indicates a potential upside of 19.05% from the stock’s previous close.
IPHI has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on shares of Inphi Corp. in a research report on Tuesday, August 30th. They issued an “overweight” rating and a $55.00 price target on the stock. Zacks Investment Research cut shares of Inphi Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. Roth Capital reaffirmed a “buy” rating on shares of Inphi Corp. in a research report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating on shares of Inphi Corp. in a research report on Thursday, September 8th. Finally, Needham & Company LLC reissued a “strong-buy” rating and set a $40.00 target price on shares of Inphi Corp. in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.03.
Inphi Corp. (NYSE:IPHI) opened at 40.32 on Thursday. Inphi Corp. has a 12 month low of $22.07 and a 12 month high of $44.82. The company’s 50 day moving average is $41.79 and its 200 day moving average is $35.45. The stock’s market cap is $1.64 billion.
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Inphi Corp. (NYSE:IPHI) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Inphi Corp. had a negative net margin of 1.16% and a positive return on equity of 7.29%. The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $69.34 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts anticipate that Inphi Corp. will post $1.35 EPS for the current fiscal year.
In other news, VP Ron Torten sold 1,111 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $42.25, for a total transaction of $46,939.75. Following the completion of the transaction, the vice president now directly owns 61,000 shares in the company, valued at approximately $2,577,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sam Srinivasan sold 10,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $41.40, for a total transaction of $414,000.00. Following the transaction, the director now owns 10,537 shares of the company’s stock, valued at $436,231.80. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of Inphi Corp. during the second quarter valued at about $112,000. BlackRock Inc. raised its position in shares of Inphi Corp. by 57.9% in the second quarter. BlackRock Inc. now owns 3,839 shares of the company’s stock valued at $123,000 after buying an additional 1,407 shares during the period. Teacher Retirement System of Texas raised its position in shares of Inphi Corp. by 37.2% in the second quarter. Teacher Retirement System of Texas now owns 4,964 shares of the company’s stock valued at $159,000 after buying an additional 1,347 shares during the period. Bank of Montreal Can bought a new position in shares of Inphi Corp. during the second quarter valued at about $178,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Inphi Corp. by 110.0% in the third quarter. BNP Paribas Arbitrage SA now owns 4,194 shares of the company’s stock valued at $182,000 after buying an additional 2,197 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.
Inphi Corp. Company Profile
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, test and measurement equipment and military systems.
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