Zacks Investment Research upgraded shares of Inphi Corporation (NYSE:IPHI) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

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 “

IPHI has been the subject of several other research reports. Rosenblatt Securities restated a buy rating and set a $41.00 price target on shares of Inphi Corporation in a research report on Wednesday, June 28th. Jefferies Group LLC restated a buy rating and set a $50.00 price target (down previously from $53.00) on shares of Inphi Corporation in a research report on Wednesday, August 9th. Northland Securities restated a hold rating and set a $33.00 price target on shares of Inphi Corporation in a research report on Friday, September 15th. BidaskClub lowered shares of Inphi Corporation from a buy rating to a hold rating in a research report on Tuesday, September 12th. Finally, Morgan Stanley decreased their target price on shares of Inphi Corporation from $48.00 to $44.00 and set an overweight rating for the company in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $44.13.

Shares of Inphi Corporation (IPHI) traded down 1.47% during mid-day trading on Wednesday, hitting $38.29. 487,060 shares of the stock traded hands. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The stock has a market cap of $1.62 billion, a P/E ratio of 22.89 and a beta of 1.19. The firm’s 50 day moving average price is $38.57 and its 200-day moving average price is $39.19.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business 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 company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Analysts predict that Inphi Corporation will post $1.52 earnings per share for the current year.

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Several large investors have recently bought and sold shares of IPHI. FMR LLC boosted its position in shares of Inphi Corporation by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 valued at $94,624,000 after purchasing an additional 2,525,313 shares in the last quarter. BlackRock Inc. boosted its position in shares of Inphi Corporation by 75,144.6% during the 1st quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock valued at $121,921,000 after purchasing an additional 2,494,049 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Inphi Corporation by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after purchasing an additional 837,600 shares in the last quarter. Finally, Elk Creek Partners LLC bought a new position in shares of Inphi Corporation during the 2nd quarter valued at about $16,140,000.

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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