Inphi (NYSE:IPHI) had its price target upped by Bank of America from $75.00 to $80.00 in a research note published on Friday morning, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.
A number of other equities research analysts have also issued reports on the company. Craig Hallum boosted their target price on Inphi from $62.00 to $70.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Zacks Investment Research lowered Inphi from a buy rating to a hold rating in a research report on Saturday, August 10th. Morgan Stanley boosted their target price on Inphi from $45.00 to $60.00 and gave the stock an equal weight rating in a research report on Friday, August 2nd. Barclays boosted their target price on Inphi from $50.00 to $65.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. Finally, B. Riley boosted their target price on Inphi from $45.00 to $51.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Inphi has a consensus rating of Buy and a consensus price target of $57.92.
IPHI opened at $63.46 on Friday. Inphi has a one year low of $29.56 and a one year high of $66.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 7.06 and a current ratio of 7.69. The stock’s fifty day moving average is $62.78 and its 200-day moving average is $51.94. The company has a market capitalization of $2.83 billion, a PE ratio of -111.33 and a beta of 1.59.
Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.43. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.41 million. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. On average, equities research analysts forecast that Inphi will post -0.11 EPS for the current fiscal year.
In other Inphi news, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $63.44, for a total value of $2,347,280.00. Following the transaction, the chief executive officer now owns 402,560 shares in the company, valued at $25,538,406.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles Roach sold 2,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $60.61, for a total value of $121,220.00. Following the completion of the transaction, the vice president now owns 113,996 shares in the company, valued at approximately $6,909,297.56. The disclosure for this sale can be found here. Insiders have sold 47,000 shares of company stock worth $2,970,580 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Inphi by 6.5% in the second quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock valued at $208,930,000 after purchasing an additional 254,115 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Inphi during the 2nd quarter worth about $39,679,000. Canada Pension Plan Investment Board boosted its stake in shares of Inphi by 229.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 766,974 shares of the semiconductor company’s stock worth $38,425,000 after acquiring an additional 534,474 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Inphi by 15.1% during the 2nd quarter. Janus Henderson Group PLC now owns 649,044 shares of the semiconductor company’s stock worth $32,517,000 after acquiring an additional 85,008 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in shares of Inphi by 11,058.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 622,837 shares of the semiconductor company’s stock worth $31,204,000 after acquiring an additional 617,255 shares in the last quarter.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
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