B. Riley restated their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research note released on Thursday. The firm currently has a $48.00 price target on the semiconductor company’s stock, up from their previous price target of $42.50.
Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Inphi Corporation from a sell rating to a hold rating in a report on Wednesday, October 11th. Cowen and Company reaffirmed a buy rating and issued a $45.00 price target on shares of Inphi Corporation in a report on Wednesday. BidaskClub cut Inphi Corporation from a buy rating to a hold rating in a report on Tuesday, September 12th. Morgan Stanley lowered their price target on Inphi Corporation from $48.00 to $44.00 and set an overweight rating on the stock in a report on Tuesday, August 8th. Finally, Deutsche Bank AG lowered their price target on Inphi Corporation from $46.00 to $45.00 and set a buy rating on the stock in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $44.50.
Inphi Corporation (NYSE IPHI) traded up $1.53 during mid-day trading on Thursday, hitting $40.00. The stock had a trading volume of 1,143,802 shares, compared to its average volume of 896,701. 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 company has a market cap of $1,691.36, a P/E ratio of 52.63, a P/E/G ratio of 3.56 and a beta of 1.04.
Inphi Corporation (NYSE:IPHI) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping 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 business had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that Inphi Corporation will post 0.51 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in IPHI. FMR LLC increased its stake in Inphi Corporation by 1,047.9% in the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after purchasing an additional 5,380,825 shares during the period. Ameriprise Financial Inc. increased its stake in Inphi Corporation by 1,081.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after purchasing an additional 2,525,313 shares during the period. BlackRock Inc. increased its stake in Inphi Corporation by 75,144.6% in the 1st quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after purchasing an additional 2,494,049 shares during the period. Franklin Resources Inc. increased its stake in Inphi Corporation by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after purchasing an additional 837,600 shares during the period. Finally, Elk Creek Partners LLC purchased a new position in Inphi Corporation in the 2nd quarter worth approximately $16,140,000.
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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