Inphi Corporation (NYSE:IPHI) has been assigned a $50.00 price objective by research analysts at Jefferies Group LLC in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Jefferies Group LLC’s price target suggests a potential upside of 34.52% from the company’s previous close.

IPHI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. DA Davidson began coverage on shares of Inphi Corporation in a report on Monday, October 16th. They issued a “neutral” rating and a $40.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $41.00 price objective on shares of Inphi Corporation in a report on Wednesday, June 28th. Northland Securities restated a “hold” rating and issued a $33.00 price objective on shares of Inphi Corporation in a report on Friday, September 15th. Finally, BidaskClub cut shares of Inphi Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Inphi Corporation presently has a consensus rating of “Buy” and a consensus target price of $43.46.

Inphi Corporation (NYSE:IPHI) traded down 0.21% during trading on Wednesday, hitting $37.17. 658,449 shares of the stock were exchanged. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The stock has a market cap of $1.57 billion, a P/E ratio of 22.22 and a beta of 1.19. The stock’s 50 day moving average price is $38.43 and its 200 day moving average price is $38.72.

Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts forecast that Inphi Corporation will post $1.52 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Albion Financial Group UT grew its holdings in Inphi Corporation by 1.3% during the 2nd quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after acquiring an additional 125 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Inphi Corporation by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 219 shares in the last quarter. Juncture Wealth Strategies LLC boosted its holdings in shares of Inphi Corporation by 2.7% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 647 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Inphi Corporation by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock valued at $1,814,000 after buying an additional 742 shares in the last quarter. Finally, Gagnon Securities LLC boosted its holdings in shares of Inphi Corporation by 9.7% in the 2nd quarter. Gagnon Securities LLC now owns 9,437 shares of the semiconductor company’s stock valued at $324,000 after buying an additional 836 shares in the last quarter.

About Inphi Corporation

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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