Inphi Corporation (IPHI) : Juncture Wealth Strategies added new position in Inphi Corporation during the most recent quarter end. The investment management firm now holds 35,104 shares of Inphi Corporation which is valued at $1,188,972 , the company said in a statement filed on Apr 11, 2016 with the SEC.Inphi Corporation makes up approximately 0.89% of Juncture Wealth Strategies’s portfolio.
Inphi Corporation closed down -0.8 points or -2.31% at $33.87 with 5,09,774 shares getting traded on Friday. Post opening the session at $34.47, the shares hit an intraday low of $33.45 and an intraday high of $34.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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On the company’s financial health, Inphi Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $64.40 million for the quarter, compared to analysts expectations of $64.52 million. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.
Many Wall Street Analysts have commented on Inphi Corporation. Company shares were Reiterated by Stifel on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Upgraded by Deutsche Bank on Mar 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .Company shares were Reiterated by Needham on Feb 8, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .
Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications datacenter and computing markets. The Company’s 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 Company’s 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.