Inphi Corporation (NYSE:IPHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. B. Riley reiterated a “buy” rating and set a $48.25 price target on shares of Inphi Corporation in a report on Wednesday, May 3rd. Cowen and Company decreased their price target on Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Deutsche Bank AG decreased their price target on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Jefferies Group LLC decreased their price target on Inphi Corporation from $60.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, TheStreet downgraded Inphi Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.58.

Inphi Corporation (NYSE:IPHI) opened at 38.03 on Wednesday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 22.73 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 $37.02 and a 200 day moving average of $41.18.

Inphi Corporation (NYSE:IPHI) last issued its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $84 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Inphi Corporation’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, equities research analysts forecast that Inphi Corporation will post $1.50 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in IPHI. Chase Investment Counsel Corp acquired a new position in shares of Inphi Corporation during the first quarter worth about $1,188,000. Tyers Asset Management LLC increased its position in shares of Inphi Corporation by 73.7% in the first quarter. Tyers Asset Management LLC now owns 35,632 shares of the semiconductor company’s stock worth $1,740,000 after buying an additional 15,120 shares during the period. First National Bank of Hutchinson increased its position in shares of Inphi Corporation by 32.5% in the first quarter. First National Bank of Hutchinson now owns 13,891 shares of the semiconductor company’s stock worth $678,000 after buying an additional 3,404 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Inphi Corporation by 10.7% in the first quarter. Great West Life Assurance Co. Can now owns 48,622 shares of the semiconductor company’s stock worth $2,375,000 after buying an additional 4,700 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of Inphi Corporation by 13.1% in the first quarter. Tocqueville Asset Management L.P. now owns 75,975 shares of the semiconductor company’s stock worth $3,709,000 after buying an additional 8,800 shares during the period.

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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