Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reissued by analysts at Craig Hallum in a report issued on Tuesday, The Fly reports. They currently have a $44.00 target price on the semiconductor company’s stock, down from their prior target price of $49.00. Craig Hallum’s price objective suggests a potential upside of 24.19% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $41.00 target price on shares of Inphi Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 target price on shares of Inphi Corporation in a research note on Thursday, July 6th. Deutsche Bank AG reduced their target price on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, BidaskClub upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten 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 a consensus target price of $45.17.

Shares of Inphi Corporation (NYSE IPHI) traded up 9.74% during mid-day trading on Tuesday, hitting $38.88. 1,278,662 shares of the company traded hands. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.34 and a beta of 1.15. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The firm has a 50-day moving average of $37.19 and a 200-day moving average of $42.38.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. 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 during the quarter, compared to the consensus estimate of $84 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities analysts predict that Inphi Corporation will post $1.55 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA raised its stake in shares of Inphi Corporation by 3.7% in the first quarter. Emerald Advisers Inc. PA now owns 190,722 shares of the semiconductor company’s stock valued at $9,311,000 after buying an additional 6,850 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of Inphi Corporation during the first quarter valued at about $1,046,000. First Mercantile Trust Co. raised its stake in shares of Inphi Corporation by 124.7% in the first quarter. First Mercantile Trust Co. now owns 21,167 shares of the semiconductor company’s stock valued at $1,033,000 after buying an additional 11,745 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Inphi Corporation by 73.7% in the first quarter. Glen Harbor Capital Management LLC now owns 75,718 shares of the semiconductor company’s stock valued at $3,697,000 after buying an additional 32,130 shares during the last quarter. Finally, Magee Thomson Investment Partners LLC raised its stake in shares of Inphi Corporation by 614,733.3% in the first quarter. Magee Thomson Investment Partners LLC now owns 129,115 shares of the semiconductor company’s stock valued at $6,303,000 after buying an additional 129,094 shares during 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.

The Fly

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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