Analyst Rating Update on Inphi Corporation (IPHI)

Inphi Corporation (NYSE:IPHI) : The consensus on Inphi Corporation (NYSE:IPHI) based on 12 analyst recommendation on the company stock is 1.04, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

Inphi Corporation (NYSE:IPHI) : 11 Wall Street analysts covering Inphi Corporation (NYSE:IPHI) believe that the average level the stock could reach for the short term is $37.8. The maximum price target given is $42 and the minimum target for short term is around $33, hence the standard deviation is calculated at $3.06.

For the current week, the company shares have a recommendation consensus of Buy.

Inphi Corporation (NYSE:IPHI): stock turned positive on Tuesday. Though the stock opened at $26.38, the bulls momentum made the stock top out at $27.99 level for the day. The stock recorded a low of $26.25 and closed the trading day at $27.67, in the green by 6.71%. The total traded volume for the day was 1,345,277. The stock had closed at $25.93 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Inphi Corp, Mcwilliams Bruce M had sold 1,670 shares worth of $51,854 in a transaction dated May 31, 2016. In this transaction, 1,670 shares were sold at $31.05 per share.

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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