Inphi Corporation’s (IPHI) “Buy” Rating Reiterated at Cowen and Company

Cowen and Company reaffirmed their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research report released on Wednesday. The brokerage currently has a $45.00 price target on the semiconductor company’s stock.

A number of other brokerages have also issued reports on IPHI. Zacks Investment Research raised Inphi Corporation from a sell rating to a hold rating in a research report on Wednesday, October 11th. BidaskClub lowered Inphi Corporation from a buy rating to a hold rating in a research report on Tuesday, September 12th. B. Riley lifted their target price on Inphi Corporation from $42.50 to $48.00 and gave the stock a buy rating in a research report on Wednesday. Deutsche Bank AG dropped their target price on Inphi Corporation from $46.00 to $45.00 and set a buy rating on the stock in a research report on Tuesday, August 8th. Finally, Morgan Stanley dropped their target price on Inphi Corporation from $48.00 to $44.00 and set an overweight rating on the stock in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $44.50.

Shares of Inphi Corporation (IPHI) opened at $40.00 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 6.71 and a current ratio of 7.20. The stock has a market capitalization of $1.63 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.09 by $0.27. Inphi Corporation had a positive return on equity of 7.59% and a negative net margin of 16.27%. The company had revenue of $84.50 million for the quarter, compared to analyst estimates of $84.30 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. equities analysts anticipate that Inphi Corporation will post 0.53 earnings per share for the current fiscal year.

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