Inphi Corporation (IPHI) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 48 from a previous price target of $44 . Stifel advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on Inphi Corporation. Inphi Corporation was Downgraded by Northland Capital to ” Market Perform” on Sep 7, 2016. JP Morgan Initiated Inphi Corporation on Aug 30, 2016 to “Overweight”, Price Target of the shares are set at $55.Company shares were Reiterated by Needham on Aug 9, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .
On the company’s financial health, Inphi Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.28. The company had revenue of $60.50 million for the quarter, compared to analysts expectations of $69.30 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Inphi Corporation closed down -2.61 points or -5.98% at $41 with 13,93,165 shares getting traded on Tuesday. Post opening the session at $43.42, the shares hit an intraday low of $40.54 and an intraday high of $43.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 18, 2016, Ron Torten (Sr. VP of Operations & IT) sold 1,111 shares at $42.25 per share price. According to the SEC, on Aug 16, 2016, Diosdado P Banatao (director) sold 24,983 shares at $41.00 per share price. On Aug 15, 2016, Sam Srinivasan (director) sold 10,000 shares at $41.40 per share price, according to the Form-4 filing with the securities and exchange commission.
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.