Inphi Corporation (NYSE:IPHI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts have also recently commented on IPHI. B. Riley reissued a “buy” rating and issued a $48.25 target price on shares of Inphi Corporation in a report on Wednesday, May 3rd. Cowen and Company dropped their target price on shares of Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Deutsche Bank AG dropped their target price on shares of Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Jefferies Group LLC dropped their target price on shares of Inphi Corporation from $60.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, Zacks Investment Research cut shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.58.

Shares of Inphi Corporation (NYSE:IPHI) opened at 38.75 on Thursday. The firm has a 50-day moving average of $37.24 and a 200 day moving average of $40.75. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The firm has a market cap of $1.64 billion, a PE ratio of 23.16 and a beta of 1.14.

Inphi Corporation (NYSE:IPHI) last posted its earnings results 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 analysts’ expectations of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts predict that Inphi Corporation will post $1.50 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/inphi-corporation-iphi-rating-increased-to-buy-at-bidaskclub/1537710.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC raised its position in shares of Inphi Corporation by 1,124.8% in the second quarter. Verition Fund Management LLC now owns 61,238 shares of the semiconductor company’s stock worth $2,100,000 after buying an additional 56,238 shares during the period. Grandeur Peak Global Advisors LLC raised its position in shares of Inphi Corporation by 3.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 255,450 shares of the semiconductor company’s stock worth $8,762,000 after buying an additional 7,550 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Inphi Corporation by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after buying an additional 219 shares during the period. Albion Financial Group UT increased its stake in Inphi Corporation by 1.3% in the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after buying an additional 125 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Inphi Corporation by 622.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,740 shares of the semiconductor company’s stock worth $265,000 after buying an additional 6,669 shares in 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)

Receive News & Ratings for Inphi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.