Inphi Corporation (NYSE:IPHI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
Several other research analysts have also recently weighed in on IPHI. B. Riley reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi Corporation in a report on Wednesday, August 2nd. Craig Hallum reaffirmed a “buy” rating and issued a $44.00 price target (down previously from $49.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. DA Davidson began coverage on shares of Inphi Corporation in a report on Monday. They issued a “neutral” rating and a $40.00 price target on the stock. Deutsche Bank AG decreased their price target on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Finally, Morgan Stanley decreased their price target on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $43.46.
Shares of Inphi Corporation (IPHI) opened at 37.25 on Wednesday. The firm has a market cap of $1.58 billion, a P/E ratio of 22.27 and a beta of 1.19. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The firm has a 50 day moving average price of $38.46 and a 200-day moving average price of $38.79.
Inphi Corporation (NYSE:IPHI) last issued its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business 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 firm posted $0.32 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. Analysts forecast that Inphi Corporation will post $1.52 earnings per share for the current year.
A number of large investors have recently made changes to their positions in IPHI. FMR LLC grew its position in Inphi Corporation by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after acquiring an additional 5,380,825 shares in the last quarter. Ameriprise Financial Inc. grew its position in Inphi Corporation by 1,081.8% in the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after acquiring an additional 2,525,313 shares in the last quarter. BlackRock Inc. grew its position in Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after acquiring an additional 2,494,049 shares in the last quarter. Franklin Resources Inc. grew its position in Inphi Corporation by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after acquiring an additional 837,600 shares in the last quarter. Finally, Elk Creek Partners LLC purchased a new position in Inphi Corporation in the second quarter worth $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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