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 report issued on Wednesday.

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 “

A number of other brokerages have also recently commented on IPHI. Northland Securities restated a “hold” rating and set a $33.00 target price on shares of Inphi Corporation in a report on Friday, September 15th. Cowen and Company restated a “buy” rating and set a $45.00 target price on shares of Inphi Corporation in a report on Sunday, October 1st. B. Riley restated a “buy” rating and set a $45.00 target price on shares of Inphi Corporation in a report on Wednesday, August 2nd. Deutsche Bank AG dropped their target price 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 restated a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Inphi Corporation presently has a consensus rating of “Buy” and an average target price of $44.13.

Inphi Corporation (NYSE:IPHI) last announced its earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 39.5% on a year-over-year basis.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Inphi Corporation in the 2nd quarter worth about $118,000. Ameritas Investment Partners Inc. raised its position in Inphi Corporation by 6.3% in the 2nd 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 during the last quarter. FNY Partners Fund LP raised its position in Inphi Corporation by 1,345.0% in the 1st quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock worth $153,000 after buying an additional 2,932 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Inphi Corporation by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,940 shares during the last quarter. Finally, US Bancorp DE raised its position in 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.

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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