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Cowen disclosed Inphi (NYSE:IPHI), boosting its price target to $39.00 today

Inphi (NYSE:IPHI) had its target price raised to $39.00 by Cowen in a report released 10/14/2016. The new target price indicates a possible downside of -0.03% based on the company's last stock close price.

Previously on 10/13/2016, Stifel reported about Inphi (NYSE:IPHI) raised the target price from $44.00 to $48.00. At the time, this indicated a possible upside of 0.20%.

Yesterday Inphi (NYSE:IPHI) traded -1.42% lower at $40.32. The company’s 50-day moving average is $41.85 and its 200-day moving average is $35.41. The last stock close price is up 11.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 85,132 shares of the stock traded hands, down from an average trading volume of 751,372

See Chart Below

Inphi (NYSE:IPHI)

Inphi has a 52 week low of $22.07 and a 52 week high of $44.82 The company’s market cap is currently $0.

In addition to Cowen reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $37.10 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Inphi (NYSE:IPHI)

Inphi Corporation is a 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, test and measurement equipment and military systems. It operates in the segment of design, development and sale of high-speed analog connectivity components that operate to maintain and amplify signal integrity at high speeds in a range of applications. Its 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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