The stock of Inphi Corporation (NYSE:IPHI) hit a new 52-week high and has $62.06 target or 35.00% above today’s $45.97 share price. The 5 months bullish chart indicates low risk for the $1.96 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $62.06 price target is reached, the company will be worth $686.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 178,312 shares traded hands. Inphi Corporation (NYSE:IPHI) has risen 32.54% since April 15, 2016 and is uptrending. It has outperformed by 27.91% the S&P500.
Inphi Corporation (NYSE:IPHI) Ratings Coverage
Out of 13 analysts covering Inphi (NYSE:IPHI), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. $50 is the highest target while $26 is the lowest. The $39.91 average target is -13.18% below today’s ($45.97) stock price. Inphi has been the topic of 33 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Inphi Corporation (NYSE:IPHI) has “Buy” rating given on Wednesday, October 28 by Roth Capital. The company was maintained on Wednesday, July 29 by Needham. The firm has “Buy” rating given on Monday, October 12 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 13. Northland Capital maintained the stock with “Outperform” rating in Wednesday, March 23 report. The company was maintained on Friday, February 5 by Stifel Nicolaus. The firm has “Buy” rating by Roth Capital given on Thursday, March 24. The firm has “Overweight” rating given on Tuesday, August 30 by JP Morgan. Cowen & Co maintained it with “Market Perform” rating and $41 target price in Wednesday, November 2 report. The stock of Inphi Corporation (NYSE:IPHI) has “Buy” rating given on Friday, November 13 by Stifel Nicolaus.
According to Zacks Investment Research, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.21, from 1.28 in 2016Q1. The ratio worsened, as 33 funds sold all Inphi Corporation shares owned while 56 reduced positions. 30 funds bought stakes while 65 increased positions. They now own 35.47 million shares or 3.60% more from 34.23 million shares in 2016Q1.
Hbk L P has 141,300 shares for 0.04% of their US portfolio. Visium Asset Management L P has 0.02% invested in the company for 10,221 shares. S Squared Tech Ltd Company holds 11.71% of its portfolio in Inphi Corporation (NYSE:IPHI) for 348,774 shares. Moreover, Alphaone Inv Svcs Ltd Liability Co has 1.54% invested in Inphi Corporation (NYSE:IPHI) for 130,743 shares. Bank & Trust Of Mellon last reported 806,537 shares in the company. Hillsdale Investment Management Inc last reported 0.12% of its portfolio in the stock. Wells Fargo And Mn holds 0% of its portfolio in Inphi Corporation (NYSE:IPHI) for 270,920 shares. Teachers Advsrs Inc last reported 0.03% of its portfolio in the stock. The Connecticut-based Bradley Foster & Sargent Ct has invested 0.02% in Inphi Corporation (NYSE:IPHI). California Pub Employees Retirement Sys accumulated 79,800 shares or 0% of the stock. Alliancebernstein Lp has invested 0% of its portfolio in Inphi Corporation (NYSE:IPHI). Gsa Capital Prtnrs Limited Liability Partnership owns 9,900 shares or 0.02% of their US portfolio. Utd Svcs Automobile Association, a Texas-based fund reported 64,196 shares. The New York-based Gagnon Secs Limited Company has invested 0.34% in Inphi Corporation (NYSE:IPHI). The Pennsylvania-based Turner Invests L P has invested 0.17% in Inphi Corporation (NYSE:IPHI).
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 9 insider sales for $4.86 million net activity. Another trade for 4,000 shares valued at $168,838 was made by Roach Charles on Friday, November 11. $1.64M worth of Inphi Corporation (NYSE:IPHI) was sold by Tamer Ford. $1.02M worth of Inphi Corporation (NYSE:IPHI) was sold by BANATAO DIOSDADO P on Friday, August 12. SRINIVASAN SAM sold $413,973 worth of Inphi Corporation (NYSE:IPHI) on Friday, August 12. 2,278 shares were sold by MCWILLIAMS BRUCE M, worth $89,219 on Thursday, October 27. Another trade for 1,111 shares valued at $46,939 was sold by Torten Ron.
More recent Inphi Corporation (NYSE:IPHI) news were published by: Fool.com which released: “Inphi Corporation Stock Soars — Here’s Why” on August 09, 2016. Also Streetinsider.com published the news titled: “Inphi Corp. (IPHI) to Acquire ClariPhy Communications in $275M Deal” on November 01, 2016. Marketwatch.com‘s news article titled: “Inphi Corporation Prices Offering of $250.0 Million of Convertible Senior Notes” with publication date: September 07, 2016 was also an interesting one.
IPHI Company Profile
Inphi Corporation, incorporated on November 13, 2000, is a well-known 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 Firm operates in the segment of design, development and sale of high-speed analog connectivity components that operate to maintain, amplify and manage signal integrity at high speeds in a range of applications. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications, datacenter and computing infrastructures. It provides 10 gigabit (G) 10G/40G, 100G and beyond 100G high-speed analog semiconductor solutions for the communications market and high-speed memory interface solutions for the computing market.
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