Jefferies Maintains Inphi Corporation to Buy with Price Target $44.00

Brokerage firm Jefferies Maintains its rating on Inphi Corporation(NYSE:IPHI). In a research note issued to the investors, the brokerage major Raises the price-target to $44.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 9, 2016.

Inphi Corporation (IPHI) shares turned negative on Wednesdays trading session with the shares closing down -0.07 points or -0.17% at a volume of 5,01,292. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.64. The peak price level was also seen at $42.64 while the days lowest was $41.15. Finally the shares closed at $42.01. The 52-week high of the shares is $43.25 while the 52-week low is $20.73. According to the latest information available, the market cap of the company is $1,709 M.

Inphi Corporation(IPHI) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $60.52M. Analysts had an estimated revenue of $69.34M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Bruce M Mcwilliams (director) sold 1,670 shares at $31.05 per share price.Also, On May 16, 2016, Richard Ogawa (General Counsel) sold 11,777 shares at $28.96 per share price.On May 12, 2016, Ford Tamer (President & CEO) sold 40,000 shares at $30.00 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.

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