B. Riley restated their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a report released on Thursday morning. They currently have a $48.00 price objective on the semiconductor company’s stock, up from their previous price objective of $42.50.

Other analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reiterated an overweight rating and issued a $50.00 price objective (down previously from $54.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Roth Capital dropped their price objective on shares of Inphi Corporation from $51.70 to $44.00 and set a buy rating for the company in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Inphi Corporation from a sell rating to a hold rating in a research note on Saturday, July 8th. Deutsche Bank AG dropped their price objective on shares of Inphi Corporation from $47.00 to $46.00 and set a buy rating for the company in a research note on Friday, July 21st. Finally, Craig Hallum reiterated a buy rating and issued a $44.00 price objective (down previously from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Inphi Corporation currently has an average rating of Buy and an average price target of $44.50.

Shares of Inphi Corporation (NYSE IPHI) traded down $1.15 during trading on Thursday, reaching $40.00. 1,143,802 shares of the company’s stock traded hands, compared to its average volume of 896,701. The company has a current ratio of 7.20, a quick ratio of 6.71 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1,691.36, a price-to-earnings ratio of 52.63, a PEG ratio of 3.56 and a beta of 1.04.

Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.27. Inphi Corporation had a negative net margin of 16.27% and a positive return on equity of 7.59%. The business had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s revenue was up 19.4% on a year-over-year basis. equities research analysts anticipate that Inphi Corporation will post 0.51 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in IPHI. Quantbot Technologies LP bought a new stake in shares of Inphi Corporation during the 2nd quarter valued at approximately $118,000. Ameritas Investment Partners Inc. grew its holdings in shares of Inphi Corporation by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Inphi Corporation by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the last quarter. FNY Partners Fund LP grew its holdings in shares of Inphi Corporation by 76.2% during the 2nd quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 2,400 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Inphi Corporation by 77.6% during the 2nd quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 2,715 shares during 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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