Inphi CorporationIPHI was a big mover last session, as the company saw its shares rise roughly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.82 to $26.16 in the past one-month time frame.
None of the estimates for this semiconductor industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Inphi sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the same space may also consider Analog Devices, Inc. ADI , carrying a Zacks Rank #2 (Buy).
Is IPHI going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
