Stifel Nicolaus reaffirmed their buy rating on shares of Inphi Corp. (NYSE:IPHI) in a research report report published on Thursday. They currently have a $48.00 price target on the stock, up from their previous price target of $44.00.

IPHI has been the topic of several other research reports. JPMorgan Chase & Co. initiated coverage on Inphi Corp. in a research note on Tuesday, August 30th. They issued an overweight rating and a $55.00 price objective on the stock. Zacks Investment Research downgraded Inphi Corp. from a buy rating to a hold rating in a research note on Wednesday. Roth Capital reaffirmed a buy rating on shares of Inphi Corp. in a research note on Tuesday, June 28th. Jefferies Group reaffirmed a buy rating on shares of Inphi Corp. in a research note on Thursday, September 8th. Finally, Needham & Company LLC reaffirmed a strong-buy rating and issued a $40.00 price objective on shares of Inphi Corp. in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $39.03.

Analyst Recommendations for Inphi Corp. (NYSE:IPHI)

Inphi Corp. (NYSE:IPHI) traded down 2.70% during mid-day trading on Thursday, reaching $39.23. The company had a trading volume of 430,913 shares. The firm has a 50-day moving average of $41.79 and a 200 day moving average of $35.45. The company’s market capitalization is $1.60 billion. Inphi Corp. has a 1-year low of $22.07 and a 1-year high of $44.82.

Inphi Corp. (NYSE:IPHI) last posted its earnings results on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $69.34 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. Inphi Corp.’s revenue was up 22.2% on a year-over-year basis. On average, analysts predict that Inphi Corp. will post $1.35 earnings per share for the current fiscal year.

In related news, Director Sam Srinivasan sold 10,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $41.40, for a total transaction of $414,000.00. Following the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $436,231.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ford Tamer sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $41.02, for a total value of $1,640,800.00. The disclosure for this sale can be found here. Corporate insiders own 4.22% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Inphi Corp. during the first quarter valued at $767,000. Harvest Capital Strategies LLC increased its position in shares of Inphi Corp. by 177.9% in the first quarter. Harvest Capital Strategies LLC now owns 53,982 shares of the company’s stock valued at $1,800,000 after buying an additional 34,554 shares during the period. HBK Investments L P increased its position in shares of Inphi Corp. by 126.5% in the first quarter. HBK Investments L P now owns 80,855 shares of the company’s stock valued at $2,696,000 after buying an additional 45,155 shares during the period. Bogle Investment Management L P DE increased its position in shares of Inphi Corp. by 14.7% in the first quarter. Bogle Investment Management L P DE now owns 195,184 shares of the company’s stock valued at $6,507,000 after buying an additional 24,972 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Inphi Corp. by 146.0% in the first quarter. Wellington Management Group LLP now owns 1,582,150 shares of the company’s stock valued at $52,748,000 after buying an additional 939,018 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.

Inphi Corp. Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, test and measurement equipment and military systems.

5 Day Chart for NYSE:IPHI

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