Jefferies Group LLC set a $50.00 price target on Inphi Corporation (NYSE:IPHI) in a research note released on Wednesday, October 18th. The brokerage currently has a buy rating on the semiconductor company’s stock.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Inphi Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. BidaskClub raised Inphi Corporation from a hold rating to a buy rating in a research report on Thursday, August 31st. Rosenblatt Securities reaffirmed a buy rating and issued a $41.00 price objective on shares of Inphi Corporation in a research report on Wednesday, June 28th. Deutsche Bank AG lowered their price objective on Inphi Corporation from $47.00 to $46.00 and set a buy rating for the company in a research report on Friday, July 21st. Finally, Northland Securities reaffirmed a hold rating and issued a $33.00 price objective on shares of Inphi Corporation in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $44.50.
Inphi Corporation (IPHI) traded up $0.34 during trading on Wednesday, reaching $40.34. The company’s stock had a trading volume of 743,368 shares, compared to its average volume of 924,143. The company has a debt-to-equity ratio of 0.93, a current ratio of 7.20 and a quick ratio of 6.71. The company has a market cap of $1,691.34, a PE ratio of 52.63, a P/E/G ratio of 3.68 and a beta of 1.04.
Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. Inphi Corporation had a positive return on equity of 7.59% and a negative net margin of 16.27%. Inphi Corporation’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. equities research analysts forecast that Inphi Corporation will post 0.51 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of IPHI. Karp Capital Management Corp acquired a new position in shares of Inphi Corporation during the first quarter worth about $319,000. Parametric Portfolio Associates LLC lifted its stake in shares of Inphi Corporation by 1.7% during the first quarter. Parametric Portfolio Associates LLC now owns 100,489 shares of the semiconductor company’s stock worth $4,906,000 after purchasing an additional 1,694 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Inphi Corporation during the first quarter worth about $433,000. American International Group Inc. lifted its stake in shares of Inphi Corporation by 5.4% during the first quarter. American International Group Inc. now owns 24,343 shares of the semiconductor company’s stock worth $1,188,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of Inphi Corporation by 30.0% during the first quarter. Neuberger Berman Group LLC now owns 26,000 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 6,000 shares in 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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