IPHI stock was up 24.8% as of Thursday morning. For comparison, Wall Street was looking for an adjusted EPS of 85 cents on revenue of $180.73 million.

The company reported adjusted earnings per share of 88 cents on revenue of $180.69 million. The Inphi news comes alongside its earnings report for the third quarter of 2020. Combining with Marvell significantly increases our scale, accelerates our access to the next generations of process technology, and opens up new opportunities in 5G connectivity.” “Marvell and Inphi share a vision to enable the world’s data infrastructure and we have both transformed our respective businesses to benefit from the strong secular growth expected in the cloud data center and 5G wireless markets. Tamer had the following to say about the Inphi and Marvell Technology news. The deal is expected to close in the second half of 2021. Should you be buying Inphi stock or one of its competitors The main competitors of Inphi include iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB), First Trust Rising Dividend Achievers ETF (RDVY), Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC), VanEck Semiconductor ETF (SMH), iShares. Stock Market Videos from Market News Video. IGIB, RDVY, PDBC, SMH, USIG, QYLD, DGRW, IUSG, ESGD, and IUSV. semiconductor company with a value of $40 billion. In trading on Thursday real estate shares were relative leaders up on the day by about 3.7. The company will also be reorganized to create a U.S. That also represents a 42.2% premium over the closing price of IPHI stock at yesterday’s close.Īccording to the news release, the deal will see current Inphi president and CEO Ford Tamer joining Marvell Technology’s Board of Directors once the deal is complete. It translates to $157.83 per share based on a closing price of $39.53 per share for MRVL stock on Wednesday. That offer from Marvell Technology has it valuing Inphi’s stock at a pretty premium. This has it setting a price of $66 per share and 2.323 shares of MRVL stock for each share of IPHI stock. (NYSE:FTI) shares declined 6.47 percent to $39 in post market trading session.Source: Sundry Photography / Ī new release reveals that Marvell Technology is planning to acquire Inphi with a mix of cash and stock. (NYSE:WLK) shares declined 6.78 percent to $38.20 in post market trading session.įMC Technologies, Inc. (NYSE:PVH) shares declined 6.79 percent to $52.73 in post market trading session. Cardon Gerner to Senior Vice President and Chief Financial Officer. The company announced the promotion of W. (NYSE:OII) shares declined 7.18 percent to $35.23 in post market trading session. (NYSE:RHT) shares declined 7.58 percent to $32.17 in post market trading session. The stock has a 52 week low of $7.14 and 52 week high of $17.22 and has $3.58 billion market capitalization. (NYSE:CIE) shares declined 7.84 percent to $8.42 in post market trading session. The company stock surged more than 9 percent in regular trading session.Ĭobalt International Energy, Inc. (NYSE:DSW) shares plunged 8.47 percent to $37.83 in aftermarket trading session. The company swung to first quarter net profit of $45.5 million or $0.85 per share compared to net loss of $0.2 million or breakeven per share in the same quarter a year-ago.ĭSW Inc. (NYSE:LZB) shares plunged 10.09 percent to $6.86 in post market trading session. The company stock climbed more than 19 percent in regular trading session. (NYSE:IVN) shares slumped 17 percent to $17.23 in aftermarket trading session. Leading cell phone parts supplier in the.

(NYSE:IPHI) shares slumped 24.76 percent to $7.90 in post market trading session after lowering its third quarter earnings guidance.įor the third quarter, the company currently expects revenue to be in a range of $16 million to $18 million compared to its earlier estimation of $22 million to $24 million and against analysts’ estimation of $22.76 million. IG3 - Aftermarket LCD Screen and Digitizer Assembly for iPhone 6S (White) from Injured Gadgets at wholesale price. The top after-market NYSE Losers on Tuesday are: Inphi Corp, Ivanhoe Mines, La-Z-Boy, DSW, Cobalt International Energy, Red Hat, Oceaneering International, PVH, Westlake Chemical and FMC Technologies.

Iphi after market