Stifel Nicolaus Reiterates “Buy” Rating for Inphi Corporation (NYSE:IPHI)

Stifel Nicolaus reaffirmed their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research report report published on Friday, July 14th.

Several other analysts also recently issued reports on the company. TheStreet downgraded Inphi Corporation from a b rating to a c rating in a report on Tuesday, May 2nd. Rosenblatt Securities reissued a buy rating and issued a $41.00 price target on shares of Inphi Corporation in a report on Wednesday, June 28th. Zacks Investment Research downgraded Inphi Corporation from a hold rating to a sell rating in a report on Tuesday, May 9th. Cowen and Company lowered their target price on Inphi Corporation from $56.00 to $45.00 and set an outperform rating on the stock in a research report on Wednesday, May 3rd. Finally, B. Riley restated a buy rating and issued a $48.25 target price on shares of Inphi Corporation in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $44.77.

Shares of Inphi Corporation (IPHI) opened at 36.19 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 21.63 and a beta of 1.15. The company’s 50-day moving average price is $36.89 and its 200 day moving average price is $41.86. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.

Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS 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 the consensus estimate of $84 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. Inphi Corporation’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. Equities analysts forecast that Inphi Corporation will post $1.52 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Inphi Corporation by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after buying an additional 5,380,825 shares during the period. Vanguard Group Inc. boosted its stake in shares of Inphi Corporation by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after buying an additional 97,957 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Inphi Corporation by 1,081.8% in the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock valued at $94,624,000 after buying an additional 2,525,313 shares during the period. BlackRock Inc. boosted its stake in shares of Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock valued at $121,921,000 after buying an additional 2,494,049 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Inphi Corporation by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after buying an additional 837,600 shares during the period.

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.

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