Time To “Buy” Inphi (NYSE:IPHI), Sterne Agee CRT Confirms

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How Sterne Agee CRT Currently Rates Inphi (NYSE:IPHI)

Sterne Agee CRT issued to investors and clients in an analyst report that it began issuing coverage on Inphi (NYSE:IPHI) stock, with “Buy” rating.

From a total of 11 analysts covering Inphi (NYSE:IPHI) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $36 while the lowest target price is $30. The mean of all analyst targets is $33.05 with a 12.97% above today’s ($29.06) stock price. Inphi was the topic of 17 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 13 with “Buy” rating. TH Capital maintained IPHI stock in a recent report from October 28 with “Buy” rating. Finally, Roth Capital maintained the stock with “Buy” rating in a report issued on an October 28.

Approximately 272,105 shares of stock traded hands. Inphi Corporation (NYSE:IPHI) has risen 37.74% since May 1, 2015 and is uptrending. It has outperformed by 40.53% the S&P500.

Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The company has a market cap of $1.13 billion. 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. It currently has negative earnings. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications, datacenter and computing infrastructures.

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” Get a free copy of the Zacks research report on Inphi Corporation (IPHI).

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