Inphi (IPHI) PT Raised to $45.00

Inphi (NYSE:IPHI) had its price target boosted by investment analysts at Morgan Stanley from $42.00 to $45.00 in a report released on Wednesday. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective indicates a potential upside of 22.92% from the company’s previous close.

Several other equities research analysts also recently commented on IPHI. Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of Inphi from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Inphi in a research note on Tuesday, September 12th. Northland Securities reaffirmed a “hold” rating and issued a $33.00 target price on shares of Inphi in a research note on Friday, September 15th. Finally, Cowen reaffirmed a “buy” rating and issued a $45.00 target price on shares of Inphi in a research note on Sunday, October 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Inphi has a consensus rating of “Buy” and an average price target of $45.00.

Inphi (IPHI) traded down $0.56 on Wednesday, hitting $36.61. 430,700 shares of the company were exchanged, compared to its average volume of 947,923. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20. The company has a market capitalization of $1,580.97, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 3.58 and a beta of 1.01. Inphi has a twelve month low of $33.00 and a twelve month high of $51.78.

Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 19.4% on a year-over-year basis. equities analysts anticipate that Inphi will post 0.51 earnings per share for the current fiscal year.

In related news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following the completion of the transaction, the director now owns 6,542 shares in the company, valued at $265,278.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles Roach sold 14,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $40.50, for a total transaction of $567,000.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,804,853.50. The disclosure for this sale can be found here. Insiders have sold 100,238 shares of company stock valued at $4,037,064 in the last three months. 3.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in IPHI. FMR LLC lifted its stake in Inphi by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after acquiring an additional 5,380,825 shares during the last quarter. Capital Research Global Investors lifted its stake in Inphi by 3.7% in the second quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after acquiring an additional 180,367 shares during the last quarter. Vanguard Group Inc. lifted its stake in Inphi by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after acquiring an additional 97,957 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Inphi by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after acquiring an additional 153,355 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Inphi by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after acquiring an additional 837,600 shares during the last quarter.

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About Inphi

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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