Inphi (NYSE:IPHI) was downgraded by stock analysts at B. Riley to a “buy” rating in a research note issued on Thursday.
Other analysts have also recently issued research reports about the company. BidaskClub upgraded Inphi from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Inphi from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Northland Securities reiterated a “hold” rating and set a $33.00 target price on shares of Inphi in a research report on Friday, September 15th. Jefferies Group set a $50.00 target price on Inphi and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Inphi in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Inphi presently has an average rating of “Buy” and an average target price of $44.92.
Inphi (NYSE IPHI) traded down $0.40 during trading on Thursday, reaching $38.92. The company’s stock had a trading volume of 549,900 shares, compared to its average volume of 949,471. Inphi has a one year low of $33.00 and a one year high of $51.78. 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 firm has a market capitalization of $1,672.42, a PE ratio of 51.74, a PEG ratio of 3.62 and a beta of 1.01.
Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.27. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. The company had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. During the same period last year, the firm earned $0.46 earnings per share. Inphi’s quarterly revenue was up 19.4% on a year-over-year basis. analysts anticipate that Inphi will post 0.51 earnings per share for the current year.
In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the sale, the director now owns 6,542 shares of the company’s stock, valued at approximately $266,717.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Charles Roach sold 28,000 shares of Inphi stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total value of $1,127,560.00. Following the completion of the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,238 shares of company stock worth $4,037,064. Corporate insiders own 3.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of Inphi during the 2nd quarter worth approximately $118,000. Ameritas Investment Partners Inc. boosted its stake in shares of Inphi by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 219 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Inphi during the 3rd quarter worth approximately $153,000. BNP Paribas Arbitrage SA boosted its stake in shares of Inphi by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,940 shares in the last quarter. Finally, Icon Advisers Inc. Co. purchased a new stake in shares of Inphi during the 3rd quarter worth approximately $202,000.
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Inphi Company Profile
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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