Zacks Investment Research Upgrades Inphi Corporation (IPHI) to “Hold”
Inphi Corporation (NYSE:IPHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “
IPHI has been the subject of several other reports. Rosenblatt Securities restated a “buy” rating and set a $41.00 price objective on shares of Inphi Corporation in a research note on Wednesday, June 28th. Deutsche Bank AG decreased their target price on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Morgan Stanley decreased their target price on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. BidaskClub cut shares of Inphi Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.58.
Shares of Inphi Corporation (IPHI) traded up 4.12% during mid-day trading on Friday, hitting $40.19. 986,902 shares of the stock were exchanged. The stock’s 50-day moving average price is $37.16 and its 200-day moving average price is $40.01. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The company has a market cap of $1.70 billion, a P/E ratio of 24.02 and a beta of 1.14.
Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities research analysts anticipate that Inphi Corporation will post $1.50 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Inphi Corporation during the second quarter worth $118,000. Ameritas Investment Partners Inc. grew its holdings in shares of Inphi Corporation by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after buying an additional 219 shares in the last quarter. FNY Partners Fund LP grew its holdings in shares of Inphi Corporation by 1,345.0% in the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 2,932 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Inphi Corporation by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after purchasing an additional 754 shares during the period.
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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