Inphi Corporation (IPHI) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Inphi Corporation (NYSE:IPHI) from a buy rating to a hold rating in a research note released on Tuesday morning.

Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co reaffirmed an overweight rating and set a $50.00 target price (down previously from $54.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. B. Riley reiterated a buy rating and set a $45.00 price target on shares of Inphi Corporation in a research report on Monday, August 7th. Deutsche Bank AG reduced their price target on Inphi Corporation from $47.00 to $46.00 and set a buy rating for the company in a research report on Friday, July 21st. Roth Capital reduced their price target on Inphi Corporation from $51.70 to $44.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Finally, Craig Hallum reiterated a buy rating and set a $44.00 price target (down from $49.00) on shares of Inphi Corporation in a research 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $44.58.

Shares of Inphi Corporation (NYSE IPHI) opened at 38.91 on Tuesday. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 23.26 and a beta of 1.14. The stock’s 50 day moving average is $37.08 and its 200 day moving average is $40.15.

Inphi Corporation (NYSE:IPHI) last released its earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 39.5% compared to the same quarter last year. On average, equities analysts predict that Inphi Corporation will post $1.50 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of IPHI. Quantbot Technologies LP purchased a new stake in shares of Inphi Corporation in the second quarter valued at approximately $118,000. Ameritas Investment Partners Inc. increased 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 valued at $127,000 after buying an additional 219 shares in the last quarter. FNY Partners Fund LP increased its position in shares of Inphi Corporation by 1,345.0% in the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 2,932 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Inphi Corporation by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 3,940 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 754 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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