Inphi Corporation (NYSE:IPHI) had its target price cut by Morgan Stanley from $48.00 to $44.00 in a research note released on Tuesday morning. They currently have an overweight rating on the semiconductor company’s stock.

A number of other research analysts also recently commented on IPHI. B. Riley reaffirmed a buy rating and issued a $48.25 price target on shares of Inphi Corporation in a research note on Wednesday, May 3rd. Cowen and Company dropped their price target on Inphi Corporation from $56.00 to $45.00 and set an outperform rating for the company in a research note on Wednesday, May 3rd. Deutsche Bank AG dropped their price target on Inphi Corporation from $55.00 to $47.00 and set a buy rating for the company in a research note on Wednesday, May 3rd. Jefferies Group LLC dropped their price target on Inphi Corporation from $60.00 to $53.00 and set a buy rating for the company in a research note on Wednesday, May 3rd. Finally, TheStreet cut Inphi Corporation from a b rating to a c rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $44.77.

Shares of Inphi Corporation (NYSE IPHI) traded up 0.50% during midday trading on Tuesday, reaching $36.19. 821,512 shares of the company’s stock traded hands. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 21.63 and a beta of 1.15. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The stock has a 50 day moving average of $36.89 and a 200-day moving average of $41.86.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. Inphi Corporation’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities research analysts expect that Inphi Corporation will post $1.52 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Inphi Corporation during the second quarter worth about $118,000. FNY Partners Fund LP boosted its position in 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 worth $153,000 after buying an additional 2,932 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Inphi Corporation by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,940 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Inphi Corporation during the first quarter worth about $169,000. Finally, US Bancorp DE boosted its position in Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after buying an additional 754 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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