Inphi Corporation (NYSE:IPHI)‘s stock had its “hold” rating restated by analysts at Northland Securities in a research report issued on Friday. They currently have a $33.00 price objective on the semiconductor company’s stock. Northland Securities’ price objective suggests a potential downside of 17.89% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $41.00 price objective on shares of Inphi Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 price objective on shares of Inphi Corporation in a report on Thursday, July 6th. B. Riley reaffirmed a “buy” rating and set a $45.00 price objective on shares of Inphi Corporation in a report on Wednesday, August 2nd. Deutsche Bank AG cut their price objective on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Inphi Corporation presently has a consensus rating of “Buy” and an average price target of $44.81.

Inphi Corporation (IPHI) traded up 4.12% during mid-day trading on Friday, reaching $40.19. 986,902 shares of the company’s stock traded hands. The stock has a market cap of $1.70 billion, a P/E ratio of 24.02 and a beta of 1.14. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The company has a 50 day moving average price of $37.16 and a 200-day moving average price of $40.01.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. Inphi Corporation’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. On average, analysts anticipate that Inphi Corporation will post $1.50 EPS for the current year.

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Several large investors have recently modified their holdings of IPHI. Bank of Montreal Can boosted its holdings in shares of Inphi Corporation by 1.9% in the 1st 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 during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Inphi Corporation by 10.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 48,622 shares of the semiconductor company’s stock worth $2,375,000 after buying an additional 4,700 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Inphi Corporation by 27.5% in the 1st quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after buying an additional 754 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Inphi Corporation by 51.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 369,338 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in shares of Inphi Corporation by 0.3% in the 1st quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock worth $324,000 after buying an additional 20 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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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