Inphi Corporation’s (IPHI) Buy Rating Reaffirmed at B. Riley
Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating restated by analysts at B. Riley in a research note issued on Monday. They currently have a $45.00 price objective on the semiconductor company’s stock. B. Riley’s price objective points to a potential upside of 27.01% from the stock’s previous close.
A number of other research firms have also recently weighed in on IPHI. Stifel Nicolaus restated a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Deutsche Bank AG lowered their price target on shares of Inphi Corporation from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Needham & Company LLC lowered their price target on shares of Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating on the stock in a report on Monday. Zacks Investment Research cut shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Friday. Finally, Northland Securities restated a “hold” rating and issued a $30.00 price target on shares of Inphi Corporation in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.90.
Shares of Inphi Corporation (IPHI) traded up 2.13% on Monday, reaching $35.43. 1,866,098 shares of the company’s stock traded hands. The company has a market cap of $1.49 billion, a PE ratio of 17.63 and a beta of 1.15. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The stock has a 50-day moving average price of $37.19 and a 200-day moving average price of $42.38.
Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Inphi Corporation had a net margin of 28.77% and a return on equity of 11.23%. The business had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 39.5% compared to the same quarter last year. Equities research analysts anticipate that Inphi Corporation will post $1.58 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in IPHI. Tygh Capital Management Inc. raised its position in shares of Inphi Corporation by 9.1% in the fourth quarter. Tygh Capital Management Inc. now owns 268,392 shares of the semiconductor company’s stock valued at $7,252,000 after buying an additional 22,363 shares during the last quarter. Meeder Asset Management bought a new position in shares of Inphi Corporation during the fourth quarter valued at approximately $2,091,000. Geduld E E raised its position in shares of Inphi Corporation by 70.5% in the fourth quarter. Geduld E E now owns 52,006 shares of the semiconductor company’s stock valued at $1,405,000 after buying an additional 21,506 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Inphi Corporation by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 70,992 shares of the semiconductor company’s stock valued at $1,918,000 after buying an additional 1,251 shares during the last quarter. Finally, Coe Capital Management LLC bought a new position in shares of Inphi Corporation during the fourth quarter valued at approximately $1,051,000.
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.
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