Inphi Corporation (IPHI) has been under a strong bear grip, hence the stock is down -5.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.85% in the past 1 week. The stock has risen by 4.41% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.8% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 4.92%.The 200 Day SMA reached 28.43% Inphi Corporation is up 25.05% in the last 3-month period. Year-to-Date the stock performance stands at 49.11%.
Inphi Corporation (IPHI) : 10 Wall Street analysts covering Inphi Corporation (IPHI) believe that the average level the stock could reach for the short term is $42.5. The maximum price target given is $46 and the minimum target for short term is around $34, hence the standard deviation is calculated at $3.57.
For the current week, the company shares have a recommendation consensus of Buy. Inphi Corporation (NYSE:IPHI): The stock opened at $40.152 and touched an intraday high of $40.6 on Friday. During the day, the stock corrected to an intraday low of $39.1, however, the bulls stepped in and pushed the price higher to close in the green at $40.29 with a gain of 0.55% for the day. The total traded volume for the day was 1,227,400. The stock had closed at $40.29 in the previous trading session.
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.