Inphi Corporation (NYSE:IPHI) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 22.3% in the past one-month time frame.
The stock gained following news of U.S.-China trade war truce.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Inphi currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Inphi Corporation Price
Investors interested in the Semiconductor - Analog and Mixed industry may consider MagnaChip Semiconductor Corporation (NYSE:MX) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is IPHI going up? Or down? Predict to see what others think:Up or Down
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>
Inphi Corporation (IPHI): Free Stock Analysis Report
MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report
Original post