BidaskClub lowered shares of Inphi Corporation (NYSE:IPHI) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities analysts also recently issued reports on IPHI. Zacks Investment Research upgraded Inphi Corporation from a sell rating to a hold rating in a research report on Tuesday, May 30th. Rosenblatt Securities restated a buy rating and set a $41.00 price objective on shares of Inphi Corporation in a research report on Wednesday, June 28th. Jefferies Group LLC restated a buy rating and set a $53.00 price objective on shares of Inphi Corporation in a research report on Thursday, July 6th. Stifel Nicolaus restated a buy rating on shares of Inphi Corporation in a research report on Friday, July 14th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $44.58.

Inphi Corporation (NYSE:IPHI) opened at 40.19 on Tuesday. The stock’s 50 day moving average price is $37.16 and its 200 day moving average price is $40.01. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 24.02 and a beta of 1.14.

Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $84.00 million. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue was up 39.5% compared to the same quarter last year. On average, equities analysts anticipate that Inphi Corporation will post $1.50 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the business. BlueCrest Capital Management Ltd increased its holdings in Inphi Corporation by 113.6% in the first quarter. BlueCrest Capital Management Ltd now owns 23,500 shares of the semiconductor company’s stock worth $1,147,000 after purchasing an additional 12,500 shares in the last quarter. Scout Investments Inc. bought a new stake in Inphi Corporation in the second quarter worth approximately $1,271,000. Frontier Capital Management Co. LLC bought a new stake in Inphi Corporation in the second quarter worth approximately $12,391,000. Vanguard Group Inc. increased its holdings in Inphi Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock worth $145,001,000 after purchasing an additional 143,904 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Inphi Corporation by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 169,239 shares of the semiconductor company’s stock worth $8,263,000 after purchasing an additional 13,552 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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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