Inphi Corporation (NYSE:IPHI) had its price target lowered by equities researchers at Needham & Company LLC from $46.00 to $43.00 in a report released on Monday. The firm presently has a “strong-buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 23.96% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. B. Riley reissued a “buy” rating and set a $48.25 price objective on shares of Inphi Corporation in a research note on Wednesday, May 3rd. Cowen and Company reduced their price objective on shares of Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. Deutsche Bank AG reduced their price objective on shares of Inphi Corporation from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Jefferies Group LLC reduced their price objective on shares of Inphi Corporation from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, TheStreet lowered shares of Inphi Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 2nd. One equities 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’s stock. The company has an average rating of “Buy” and an average target price of $45.90.

Shares of Inphi Corporation (NYSE IPHI) opened at 34.69 on Monday. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78. The company’s 50-day moving average is $37.19 and its 200 day moving average is $42.38. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.26 and a beta of 1.15.

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Several hedge funds have recently made changes to their positions in IPHI. Suntrust Banks Inc. raised its stake in shares of Inphi Corporation by 0.3% in the first quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock worth $324,000 after buying an additional 20 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Inphi Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 5,673 shares of the semiconductor company’s stock worth $277,000 after buying an additional 105 shares in the last quarter. Rothschild Investment Corp IL raised its stake in shares of Inphi Corporation by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 41,950 shares of the semiconductor company’s stock worth $2,048,000 after buying an additional 200 shares in the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of Inphi Corporation by 2.7% in the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock worth $839,000 after buying an additional 647 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of 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 worth $233,000 after buying an additional 701 shares in the last quarter.

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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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