Inphi (NYSE:IPHI) had its target price increased by Bank of America from $75.00 to $80.00 in a research report report published on Friday, September 20th, The Fly reports. The firm currently has a buy rating on the semiconductor company’s stock.
Several other equities research analysts have also recently commented on the company. Craig Hallum increased their price target on Inphi from $62.00 to $70.00 and gave the company a buy rating in a report on Friday, August 2nd. Barclays raised their target price on Inphi from $50.00 to $65.00 and gave the stock an overweight rating in a research note on Thursday, July 18th. Zacks Investment Research cut Inphi from a buy rating to a hold rating in a research note on Saturday, August 10th. B. Riley lifted their price objective on Inphi from $45.00 to $51.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on Inphi from $45.00 to $60.00 and gave the company an equal weight rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Inphi presently has a consensus rating of Buy and an average target price of $58.23.
Shares of IPHI traded up $1.72 during mid-day trading on Friday, reaching $63.67. The company had a trading volume of 801,077 shares, compared to its average volume of 831,163. The stock has a market capitalization of $2.89 billion, a P/E ratio of -111.70 and a beta of 1.57. The stock has a 50 day moving average of $61.75 and a two-hundred day moving average of $53.84. The company has a quick ratio of 7.06, a current ratio of 7.69 and a debt-to-equity ratio of 1.34. Inphi has a 52-week low of $29.56 and a 52-week high of $66.56.
Inphi (NYSE:IPHI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Inphi’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, sell-side analysts expect that Inphi will post -0.11 earnings per share for the current year.
In related news, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 402,560 shares of the company’s stock, valued at approximately $25,538,406.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Charles Roach sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.80, for a total value of $129,600.00. Following the completion of the sale, the vice president now directly owns 109,206 shares in the company, valued at approximately $7,076,548.80. The disclosure for this sale can be found here. Insiders have sold a total of 47,000 shares of company stock worth $2,970,580 in the last quarter. 3.30% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Inphi by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 455,751 shares of the semiconductor company’s stock worth $14,652,000 after buying an additional 25,224 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Inphi by 1.1% during the 1st quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock worth $2,591,000 after buying an additional 667 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Inphi during the 1st quarter worth $1,446,000. Jennison Associates LLC increased its holdings in shares of Inphi by 265.8% during the 1st quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock worth $22,545,000 after buying an additional 374,522 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in Inphi in the 1st quarter valued at $1,384,000.
Inphi Company Profile
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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