Inphi Corporation (NYSE:IPHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

Several other equities research analysts have also issued reports on IPHI. B. Riley reissued a “buy” rating and issued a $45.00 target price on shares of Inphi Corporation in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 target price on shares of Inphi Corporation in a report on Tuesday, September 12th. Craig Hallum reissued a “buy” rating and issued a $44.00 target price (down from $49.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. BidaskClub lowered shares of Inphi Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reduced their target price on shares of 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.81.

Inphi Corporation (NYSE IPHI) opened at 40.19 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 24.02 and a beta of 1.14. The company’s 50-day moving average is $37.16 and its 200 day moving average is $40.01. 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 earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million during the quarter, compared to analyst estimates of $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. On average, analysts expect that Inphi Corporation will post $1.50 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd grew its holdings in shares of Inphi Corporation by 113.6% in the first quarter. BlueCrest Capital Management Ltd now owns 23,500 shares of the semiconductor company’s stock valued at $1,147,000 after purchasing an additional 12,500 shares in the last quarter. Scout Investments Inc. purchased a new position in shares of Inphi Corporation in the second quarter valued at $1,271,000. Frontier Capital Management Co. LLC purchased a new position in shares of Inphi Corporation in the second quarter valued at $12,391,000. Vanguard Group Inc. grew its holdings in shares of Inphi Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock valued at $145,001,000 after purchasing an additional 143,904 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of 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 valued at $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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