Inphi Corporation (IPHI) Shares are Up 6.49%

Inphi Corporation (IPHI) : Traders are bullish on Inphi Corporation (IPHI) as it has outperformed the S&P 500 by a wide margin of 0.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.31%, relative to the S&P 500. The stock has risen by 6.49% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.05% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.88% and the 50-Day Moving Average is 8.73%.The 200 Day SMA reached 36.06%


Inphi Corporation (NYSE:IPHI): After opening at $43.58, the stock dipped to an intraday low of $42.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.81 and the buying power remained strong till the end. The stock closed at $43.51 for the day, a gain of 1.45% for the day session. The total traded volume was 831,320. The stocks close on the previous trading day was $43.51.

Inphi Corporation (IPHI) : 9 Wall Street analysts covering Inphi Corporation (IPHI) believe that the average level the stock could reach for the short term is $43.44. The maximum price target given is $46 and the minimum target for short term is around $40, hence the standard deviation is calculated at $2.07.

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.

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