Inphi Corporation (NYSE:IPHI) had its target price dropped by analysts at Morgan Stanley from $48.00 to $44.00 in a research note issued to investors on Tuesday. The firm currently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 24.19% from the company’s current price.

Several other research firms have also recently commented on IPHI. Stifel Nicolaus restated a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Roth Capital lowered their price target on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank AG lowered their price target on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Craig Hallum restated a “buy” rating and issued a $44.00 price target (down previously from $49.00) on shares of Inphi Corporation in a report on Tuesday. Finally, Needham & Company LLC lowered their price target on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Inphi Corporation currently has a consensus rating of “Buy” and an average target price of $45.00.

Inphi Corporation (NYSE:IPHI) traded up 4.474% during midday trading on Tuesday, hitting $37.015. 2,279,630 shares of the stock were exchanged. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The firm has a 50-day moving average price of $37.19 and a 200-day moving average price of $42.38. The stock has a market cap of $1.56 billion, a P/E ratio of 18.415 and a beta of 1.15.

Inphi Corporation (NYSE:IPHI) last announced its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Inphi Corporation had a net margin of 28.77% and a return on equity of 11.23%. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84 million. During the same quarter in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, equities research analysts anticipate that Inphi Corporation will post $1.55 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of IPHI. Emerald Advisers Inc. PA boosted its stake in shares of Inphi Corporation by 3.7% in the first quarter. Emerald Advisers Inc. PA now owns 190,722 shares of the semiconductor company’s stock worth $9,311,000 after buying an additional 6,850 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Inphi Corporation during the first quarter worth about $1,046,000. First Mercantile Trust Co. boosted its stake in shares of Inphi Corporation by 124.7% in the first quarter. First Mercantile Trust Co. now owns 21,167 shares of the semiconductor company’s stock worth $1,033,000 after buying an additional 11,745 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Inphi Corporation by 73.7% in the first quarter. Glen Harbor Capital Management LLC now owns 75,718 shares of the semiconductor company’s stock worth $3,697,000 after buying an additional 32,130 shares during the last quarter. Finally, Magee Thomson Investment Partners LLC boosted its stake in shares of Inphi Corporation by 614,733.3% in the first quarter. Magee Thomson Investment Partners LLC now owns 129,115 shares of the semiconductor company’s stock worth $6,303,000 after buying an additional 129,094 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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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