Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday. They presently have a $50.00 price target on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 23.76% from the company’s previous close.
A number of other analysts have also recently issued reports on IPHI. Deutsche Bank AG dropped their price objective on Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 21st. B. Riley reissued a “buy” rating and set a $45.00 price objective on shares of Inphi Corporation in a report on Wednesday, August 2nd. Northland Securities reissued a “hold” rating and set a $30.00 price objective on shares of Inphi Corporation in a report on Thursday, August 3rd. Zacks Investment Research cut Inphi Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Roth Capital dropped their price objective on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Inphi Corporation has a consensus rating of “Buy” and an average target price of $44.50.
Shares of Inphi Corporation (NYSE:IPHI) traded up $0.27 during midday trading on Tuesday, hitting $40.40. The stock had a trading volume of 1,066,400 shares, compared to its average volume of 974,645. Inphi Corporation has a 1 year low of $33.00 and a 1 year high of $51.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. The stock has a market cap of $1,706.87, a PE ratio of 52.80, a PEG ratio of 3.69 and a beta of 1.04.
Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.27. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The firm had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts forecast that Inphi Corporation will post 0.51 earnings per share for the current fiscal year.
In other news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total transaction of $202,750.00. Following the transaction, the director now directly owns 6,542 shares in the company, valued at approximately $265,278.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total value of $326,160.00. Following the transaction, the director now owns 6,542 shares in the company, valued at $266,717.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,238 shares of company stock worth $1,105,404. Insiders own 3.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Inphi Corporation during the 2nd quarter valued at about $118,000. Ameritas Investment Partners Inc. increased its position in shares of Inphi Corporation by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares during the last quarter. Zions Bancorporation bought a new position in shares of Inphi Corporation during the 3rd quarter valued at about $153,000. BNP Paribas Arbitrage SA increased its position in shares of Inphi Corporation by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Inphi Corporation during the 3rd quarter valued at about $202,000.
About Inphi Corporation
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.
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