Inphi Corporation (IPHI) Price Target Increased to $48.00 by Analysts at B. Riley

Inphi Corporation (NYSE:IPHI) had its price target boosted by B. Riley from $42.50 to $48.00 in a report published on Wednesday. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. Deutsche Bank AG reduced their price target on shares of Inphi Corporation from $46.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Craig Hallum reaffirmed a buy rating and set a $44.00 price objective (down from $49.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. Roth Capital dropped their price objective on shares of Inphi Corporation from $51.70 to $44.00 and set a buy rating on the stock in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a buy rating and set a $53.00 price objective on shares of Inphi Corporation in a report on Thursday, July 6th. Finally, Stifel Nicolaus reaffirmed a buy rating on shares of Inphi Corporation in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Inphi Corporation currently has an average rating of Buy and a consensus price target of $44.50.

Inphi Corporation (NYSE IPHI) traded up $1.53 on Wednesday, reaching $40.00. 1,143,802 shares of the company traded hands, compared to its average volume of 896,701. The company has a market cap of $1,691.36, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The company has a quick ratio of 6.71, a current ratio of 7.20 and a debt-to-equity ratio of 0.93.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million during the quarter, compared to analyst estimates of $84.30 million. Inphi Corporation had a negative net margin of 16.27% and a positive return on equity of 7.59%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. analysts anticipate that Inphi Corporation will post 0.51 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Albion Financial Group UT lifted its holdings in shares of Inphi Corporation by 1.3% in the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after buying an additional 125 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Inphi Corporation by 6.3% in the second 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 in the last quarter. Juncture Wealth Strategies LLC lifted its holdings in shares of Inphi Corporation by 2.7% in the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock worth $839,000 after buying an additional 647 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Inphi Corporation by 1.4% in the second quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock worth $1,814,000 after buying an additional 742 shares in the last quarter. Finally, Gagnon Securities LLC lifted its holdings in shares of Inphi Corporation by 9.7% in the second quarter. Gagnon Securities LLC now owns 9,437 shares of the semiconductor company’s stock worth $324,000 after buying an additional 836 shares in the last quarter.

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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