J P Morgan Chase & Co restated their overweight rating on shares of Inphi Corporation (NYSE:IPHI) in a research note issued to investors on Tuesday, Marketbeat.com reports. J P Morgan Chase & Co currently has a $50.00 price objective on the semiconductor company’s stock, down from their previous price objective of $54.00.
IPHI has been the topic of a number of other research reports. TheStreet downgraded Inphi Corporation from a b rating to a c rating in a report on Tuesday, May 2nd. Rosenblatt Securities reiterated a buy rating and set a $41.00 target price on shares of Inphi Corporation in a report on Wednesday, June 28th. Zacks Investment Research downgraded Inphi Corporation from a hold rating to a sell rating in a report on Tuesday, May 9th. B. Riley reiterated a buy rating and set a $45.00 target price on shares of Inphi Corporation in a report on Monday. Finally, Cowen and Company reduced their target price on Inphi Corporation from $56.00 to $45.00 and set an outperform rating on the stock in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have issued 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 price target of $44.77.
Shares of Inphi Corporation (NYSE IPHI) opened at 36.19 on Tuesday. The firm has a market cap of $1.53 billion, a PE ratio of 21.63 and a beta of 1.15. The company’s 50-day moving average price is $36.89 and its 200 day moving average price is $41.86. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.
Inphi Corporation (NYSE:IPHI) last posted its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, analysts predict that Inphi Corporation will post $1.52 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Inphi Corporation by 705.0% in the second quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock valued at $7,619,000 after buying an additional 194,523 shares during the last quarter. Zevenbergen Capital Investments LLC increased its stake in Inphi Corporation by 34.7% in the second quarter. Zevenbergen Capital Investments LLC now owns 792,885 shares of the semiconductor company’s stock valued at $27,196,000 after buying an additional 204,075 shares during the last quarter. Quantbot Technologies LP bought a new stake in Inphi Corporation during the second quarter valued at $118,000. FMR LLC increased its stake 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 valued at $202,176,000 after buying an additional 5,380,825 shares during the last quarter. Finally, Quantum Capital Management increased its stake in Inphi Corporation by 39.5% in the second quarter. Quantum Capital Management now owns 7,631 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 2,160 shares during the last quarter.
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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