Piper Jaffray Cos. reaffirmed their buy rating on shares of Inphi Corp. (NASDAQ:IPHI) in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a $14.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Inphi Corp. from $10.00 to $11.00 in a research note to investors on Wednesday. They now have a hold rating on the stock. Analysts at Craig Hallum initiated coverage on shares of Inphi Corp. in a research note to investors on Monday, September 16th. They set a buy rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $13.70.
In other Inphi Corp. news, Director Diosdado P. Banatao sold 44,738 shares of the company’s stock on the open market in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $14.32, for a total value of $640,648.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Inphi Corp. (NASDAQ:IPHI) traded down 2.99% during mid-day trading on Wednesday, hitting $14.30. The stock had a trading volume of 188,669 shares. Inphi Corp. has a one year low of $7.45 and a one year high of $14.88. The stock’s 50-day moving average is $13.30 and its 200-day moving average is $11.62. The company’s market cap is $420.9 million.
Inphi Corp. (NASDAQ:IPHI) last released its earnings data on Tuesday, October 29th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.12. The company had revenue of $26.60 million for the quarter, compared to the consensus estimate of $26.40 million. During the same quarter last year, the company posted $0.05 earnings per share. Inphi Corp.’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Inphi Corp. will post $0.10 earnings per share for the current fiscal year.
Inphi Corporation (NASDAQ:IPHI) is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
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