Inphi Corporation (NYSE:IPHI): Analysts Revised Targets on Price

Inphi Corporation (NYSE:IPHI) shares traded -10.80% during the most recent session the stock exchanged hands 12.15M shares versus average trading capacity of 1.01M shares, yielding a market cap of $1.43B. Wall Street analysts covering the stock are projecting that the stock will reach $48.21 within the next 52-weeks. The mean target projections are based on 13 opinions, the mean target was last revised on 05/03/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Inphi Corporation (NYSE:IPHI) high price target of $60.00 and with a conservative view have low price target of $30.00 with a standard deviation of $7.95. If seeing target price from optimistic overview then it has a 66 percent upside potential from the latest closing price of $36.16.

Inphi Corporation (NYSE:IPHI) “Reiterated” by Cowen in a research note issued to investors on May-03-17 as Outperform from $56 to $45.

Additionally on Feb-08-17 Inphi Corporation (NYSE:IPHI) was “Upgraded” by Cowen from Market Perform to Outperform from $44 to $56 and on Feb-08-17 the stock was “Reiterated” by Needham as Strong Buy from $50 to $55. Furthermore on Dec-22-16 the stock was “Reiterated” by Cowen as Market Perform from $41 to $44.

On the other hand the company has Relative Strength Index (RSI 14) of 27.41 along with Average True Range (ATR 14) of 2.09, Consequently Inphi Corporation (NYSE:IPHI) weekly and monthly volatility is 7.82%, 4.49% respectively. The company’s beta value is at 1.34.

In terms of Buy, Sell or Hold recommendations, Inphi Corporation (NYSE:IPHI) has analysts’ mean recommendation of 1.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Inphi Corporation (NYSE:IPHI) will report earnings of $0.34 for the current quarter, however the company’s high EPS estimates are $0.36 and low estimates are $0.32. However the company reported $0.32 earnings per share for the same quarter during last year.

Previously Inphi Corporation (NYSE:IPHI) reported $0.23 earnings per share (EPS) for the quarter on 5/2/2017 After Market Close, beating the consensus estimate of $0.22 by $0.01. The company posted an earnings surprise of 4.55%.

While considering growth estimates of the company, it has next quarter growth estimates of -17.40% whereas during current quarter it has 6.30% estimations over growth, comparing to the estimations of 8.60% during current year and 46.30% for next year. Past 5 years growth of Inphi Corporation (NYSE:IPHI) observed at 100.41%, looking forward for the next 5 years it has a strong prediction of 24.65% over growth.

Inphi Corporation (NYSE:IPHI) revenue estimates for the current quarter are $86.21M according to 12 number of analysts, for the current quarter the company has high revenue estimates of $97M in contradiction of low revenue estimates of $83.9. For the current year the company’s revenue estimates are $372.14M compared to low analyst estimates of $354.6M and high estimates of $397M according 13 number of analysts.

Currently Inphi Corporation (NYSE:IPHI) shares owned by insiders are 2.10%, whereas shares owned by institutional owners are 95.10%. However the six-month change in the insider ownership was recorded -18.83%, as well as three-month change in the institutional ownership was recorded 1.39%.

Inphi Corporation (NYSE:IPHI) trading -30.17% away from its 52 week high of $51.78 and +39.67% far from the stock’s low point over the past 52 weeks, which was $25.89. The stock hit its 52-week high on 02/22/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is 26.50M dollars.

Inphi Corporation (NYSE:IPHI) trailing twelve month revenues are $266.30M, whereas its price to sales ratio for the same period is 5.83. Its book value per share for the most recent quarter is $11.22 while its price to book ratio for the same period is 3.22, as for as the company’s cash per share for the most recent quarter is $9.18, however its price to cash per share ratio for the same period is 3.94. The stock has a current PEG ratio of 2.46 where as its trailing twelve month P/E ratio is 60.67.

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