Inphi (NYSE:IPHI) had its price objective upped by Morgan Stanley from $42.00 to $45.00 in a research note published on Wednesday morning. They currently have an overweight rating on the semiconductor company’s stock.
Several other brokerages have also recently issued reports on IPHI. Jefferies Group set a $50.00 target price on shares of Inphi and gave the stock a buy rating in a report on Wednesday, October 18th. B. Riley cut shares of Inphi to a buy rating in a report on Thursday, December 7th. BidaskClub cut shares of Inphi from a hold rating to a sell rating in a report on Wednesday, October 18th. Needham & Company LLC reissued a buy rating and set a $50.00 target price on shares of Inphi in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Inphi from a sell rating to a hold rating in a report on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Inphi presently has an average rating of Buy and a consensus target price of $45.00.
Shares of Inphi (NYSE IPHI) opened at $37.64 on Wednesday. Inphi has a one year low of $33.00 and a one year high of $51.78. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,600.98, a price-to-earnings ratio of 49.53, a PEG ratio of 3.62 and a beta of 1.01.
Inphi (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping 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 business had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts predict that Inphi will post 0.51 EPS for the current fiscal year.
In other Inphi news, VP Charles Roach sold 14,000 shares of Inphi stock in a transaction on Monday, November 13th. The shares were sold at an average price of $40.50, for a total value of $567,000.00. Following the completion of the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at $3,804,853.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the completion of the transaction, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $266,717.34. The disclosure for this sale can be found here. Insiders sold 100,238 shares of company stock valued at $4,037,064 in the last ninety days. 3.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Inphi by 1,047.9% during the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Inphi by 1,081.8% during the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after purchasing an additional 2,525,313 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Inphi by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after purchasing an additional 837,600 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Inphi during the third quarter worth about $21,852,000. Finally, Elk Creek Partners LLC purchased a new stake in shares of Inphi during the second quarter worth about $16,140,000.
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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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