Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating restated by Cowen and Company in a note issued to investors on Sunday. They currently have a $45.00 price objective on the semiconductor company’s stock. Cowen and Company’s target price points to a potential upside of 13.38% from the stock’s previous close.

A number of other research firms also recently commented on IPHI. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Northland Securities reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Inphi Corporation in a report on Friday, September 15th. B. Riley reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Inphi Corporation in a report on Wednesday, August 2nd. Deutsche Bank AG decreased their price objective on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.81.

Shares of Inphi Corporation (NYSE:IPHI) opened at 39.69 on Friday. The company has a 50-day moving average of $37.23 and a 200 day moving average of $39.81. The stock has a market cap of $1.68 billion, a P/E ratio of 23.72 and a beta of 1.14. 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 quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. Equities research analysts forecast that Inphi Corporation will post $1.50 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of Inphi Corporation by 1,047.9% during the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Inphi Corporation by 3.7% during the second quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after purchasing an additional 180,367 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Inphi Corporation by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after purchasing an additional 97,957 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Inphi Corporation by 1,081.8% during the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock valued at $94,624,000 after purchasing an additional 2,525,313 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Inphi Corporation by 75,144.6% during the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock valued at $121,921,000 after purchasing an additional 2,494,049 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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