Research analysts at DA Davidson started coverage on shares of Inphi Corporation (NYSE:IPHI) in a research report issued on Monday. The firm set a “neutral” rating on the semiconductor company’s stock.

IPHI has been the subject of several other research reports. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Inphi Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price objective (down previously from $53.00) on shares of Inphi Corporation in a report on Wednesday, August 9th. Northland Securities reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Inphi Corporation in a report on Friday, September 15th. Finally, BidaskClub downgraded shares of Inphi Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.77.

Inphi Corporation (NYSE:IPHI) traded down 3.20% during mid-day trading on Monday, hitting $36.25. 1,584,179 shares of the stock traded hands. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 21.67 and a beta of 1.19. The stock has a 50-day moving average of $38.62 and a 200 day moving average of $38.99. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the 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 $84.00 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities analysts expect that Inphi Corporation will post $1.52 EPS for the current year.

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A number of institutional investors have recently modified their holdings of IPHI. Quantbot Technologies LP bought a new stake in Inphi Corporation in the second quarter worth about $118,000. Ameritas Investment Partners Inc. raised its position in Inphi Corporation by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 219 shares in the last quarter. FNY Partners Fund LP raised 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 acquiring an additional 2,932 shares in the last quarter. BNP Paribas Arbitrage SA raised 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 acquiring an additional 3,940 shares in the last quarter. Finally, US Bancorp DE raised 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 acquiring 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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