Rosenblatt Securities Reiterates “Buy” Rating for Inphi Corporation (NYSE:IPHI)

Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued on Wednesday, June 28th. They presently have a $41.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 7.70% from the company’s previous close.

Several other brokerages have also recently commented on IPHI. Deutsche Bank AG decreased their target price on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Cowen and Company restated an “outperform” rating and set a $65.00 target price on shares of Inphi Corporation in a report on Saturday, March 11th. Jefferies Group LLC cut their price target on Inphi Corporation from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. BidaskClub lowered Inphi Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, Zacks Investment Research raised Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.36.

Shares of Inphi Corporation (NYSE:IPHI) traded up 0.82% during midday trading on Wednesday, hitting $38.07. 341,995 shares of the company were exchanged. The firm has a market cap of $1.61 billion, a P/E ratio of 18.94 and a beta of 1.14. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The company’s 50 day moving average price is $37.11 and its 200 day moving average price is $42.55.

Inphi Corporation (NYSE:IPHI) last announced its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $93.58 million for the quarter, compared to analysts’ expectations of $93.49 million. Inphi Corporation had a return on equity of 11.23% and a net margin of 28.77%. Equities analysts expect that Inphi Corporation will post $1.62 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust raised its position in Inphi Corporation by 75.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 197,921 shares of the semiconductor company’s stock valued at $6,789,000 after buying an additional 85,301 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Inphi Corporation by 37.4% in the second quarter. Emerald Advisers Inc. PA now owns 262,142 shares of the semiconductor company’s stock worth $8,991,000 after buying an additional 71,420 shares in the last quarter. Moody Aldrich Partners LLC raised its stake in Inphi Corporation by 32.3% in the second quarter. Moody Aldrich Partners LLC now owns 7,025 shares of the semiconductor company’s stock worth $241,000 after buying an additional 1,715 shares in the last quarter. Suffolk Capital Management LLC raised its stake in Inphi Corporation by 47.9% in the second quarter. Suffolk Capital Management LLC now owns 48,692 shares of the semiconductor company’s stock worth $1,670,000 after buying an additional 15,763 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in Inphi Corporation by 130.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 489,500 shares of the semiconductor company’s stock worth $16,790,000 after buying an additional 276,695 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)

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