Jefferies Group LLC reissued their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research note issued to investors on Tuesday. Jefferies Group LLC currently has a $50.00 target price on the semiconductor company’s stock.

Several other analysts have also recently weighed in on IPHI. B. Riley reissued a buy rating and set a $45.00 price objective on shares of Inphi Corporation in a report on Wednesday, August 2nd. Craig Hallum reissued a buy rating and set a $44.00 price objective (down from $49.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. BidaskClub cut Inphi Corporation from a buy rating to a hold rating in a report on Tuesday. Morgan Stanley dropped their price objective on Inphi Corporation from $48.00 to $44.00 and set an overweight rating for the company in a report on Tuesday, August 8th. Finally, Deutsche Bank AG dropped their price objective on Inphi Corporation from $46.00 to $45.00 and set a buy rating for the company in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Inphi Corporation has a consensus rating of Buy and an average price target of $44.58.

Inphi Corporation (IPHI) opened at 38.62 on Tuesday. The firm’s 50-day moving average is $37.09 and its 200 day moving average is $40.06. The firm has a market cap of $1.63 billion, a PE ratio of 23.08 and a beta of 1.14. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.

Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. On average, equities analysts forecast that Inphi Corporation will post $1.50 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Inphi Corporation by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after acquiring an additional 5,380,825 shares during the last quarter. Capital Research Global Investors boosted its position in Inphi Corporation by 3.7% during the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after acquiring an additional 180,367 shares during the last quarter. Vanguard Group Inc. boosted its position in Inphi Corporation by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after acquiring an additional 97,957 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Inphi Corporation by 1,081.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after acquiring an additional 2,525,313 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Inphi Corporation by 75,144.6% during the 1st quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after acquiring an additional 2,494,049 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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