Inphi Corporation (IPHI) : Traders are bullish on Inphi Corporation (IPHI) as it has outperformed the S&P 500 by a wide margin of 23.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.16% in the last 1 week, and is up 24.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 16.14% and the 50-Day Moving Average is 24.77%. Inphi Corporation (NYSE:IPHI): stock turned positive on Friday. Though the stock opened at $41, the bulls momentum made the stock top out at $41.76 level for the day. The stock recorded a low of $40.701 and closed the trading day at $41.7, in the green by 0.02%. The total traded volume for the day was 821,148. The stock had closed at $41.69 in the previous days trading.
The company Insiders own 4.22% of Inphi Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.53% . Institutional Investors own 89.92% of Inphi Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.82%. Also, Major Brokerage house, Jefferies maintains its ratings on Inphi Corporation (NYSE:IPHI). In the latest research report, Jefferies raises the target price from $38 per share to $44 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 9, 2016.
Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Companys solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, storage platforms, test and measurement equipment and military systems. The Companys semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications, datacenter and computing infrastructures. It is engaged in developing broadband analog semiconductors operating at frequencies of up to 100 gigahertz. It has developed specific internal models and design kits for each process to support a uniform design methodology across its semiconductor solutions.