Inphi Corporation (NYSE:IPHI) Price Target Cut to $43.00 by Analysts at Needham & Company LLC
Inphi Corporation (NYSE:IPHI) had its price target dropped by equities researchers at Needham & Company LLC from $46.00 to $43.00 in a report issued on Monday, August 7th, Marketbeat reports. The brokerage currently has a “strong-buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target suggests a potential upside of 22.47% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a “buy” rating and set a $48.25 target price on shares of Inphi Corporation in a research report on Wednesday, May 3rd. Deutsche Bank AG dropped their target price on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, May 3rd. BidaskClub upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Cowen and Company lowered their price target on Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. Finally, TheStreet cut Inphi Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.58.
Shares of Inphi Corporation (NYSE:IPHI) traded down 0.54% on Monday, hitting $35.11. The stock had a trading volume of 622,587 shares. The firm’s 50-day moving average price is $36.88 and its 200 day moving average price is $41.50. The firm has a market cap of $1.48 billion, a PE ratio of 20.99 and a beta of 1.15. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78.
Inphi Corporation (NYSE:IPHI) last released its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The company had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. On average, equities research analysts predict that Inphi Corporation will post $1.50 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Inphi Corporation during the fourth quarter worth approximately $1,606,000. Guggenheim Capital LLC boosted its stake in shares of Inphi Corporation by 22.3% in the fourth quarter. Guggenheim Capital LLC now owns 14,061 shares of the semiconductor company’s stock worth $627,000 after buying an additional 2,566 shares during the period. Norges Bank bought a new stake in shares of Inphi Corporation during the fourth quarter worth approximately $13,764,000. Teachers Advisors LLC boosted its stake in shares of Inphi Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 252,853 shares of the semiconductor company’s stock worth $11,282,000 after buying an additional 1,200 shares during the period. Finally, Creative Planning boosted its stake in shares of Inphi Corporation by 367.5% in the first quarter. Creative Planning now owns 4,025 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,164 shares during the period.
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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