Inphi Corporation (NYSE:IPHI) issued its quarterly earnings data on Monday. The semiconductor company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03, Morningstar.com reports. The firm had revenue of $84.40 million during the quarter, compared to analyst estimates of $84 million. Inphi Corporation had a return on equity of 11.23% and a net margin of 28.77%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Inphi Corporation updated its Q3 guidance to $0.33-$0.37 EPS.

Shares of Inphi Corporation (NYSE:IPHI) traded up 7.28% on Tuesday, hitting $38.01. The company’s stock had a trading volume of 801,586 shares. The stock has a 50-day moving average price of $37.19 and a 200 day moving average price of $42.38. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 18.91 and a beta of 1.15. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78.

Hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. boosted its stake in Inphi Corporation by 0.3% in the first quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock valued at $324,000 after buying an additional 20 shares during the period. Bank of Montreal Can boosted its stake in Inphi Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 5,673 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 105 shares during the period. Rothschild Investment Corp IL boosted its stake in Inphi Corporation by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 41,950 shares of the semiconductor company’s stock valued at $2,048,000 after buying an additional 200 shares during the period. Juncture Wealth Strategies LLC boosted its stake in Inphi Corporation by 2.7% in the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 647 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Inphi Corporation by 17.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,776 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 701 shares during the period.

A number of research analysts have recently weighed in on IPHI shares. Zacks Investment Research upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Rosenblatt Securities restated a “buy” rating and set a $41.00 price objective on shares of Inphi Corporation in a research report on Wednesday, June 28th. Jefferies Group LLC dropped their price target on Inphi Corporation from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. BidaskClub lowered Inphi Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, TheStreet lowered Inphi Corporation from a “b” rating to a “c” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.27.

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Inphi Corporation Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

Earnings History for Inphi Corporation (NYSE:IPHI)

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