Rosenblatt Securities downgraded shares of Inphi (NYSE:IPHI) from a buy rating to a neutral rating in a report published on Thursday morning, MarketBeat Ratings reports. They currently have $46.00 target price on the semiconductor company’s stock.
IPHI has been the subject of several other research reports. Zacks Investment Research upgraded Inphi from a sell rating to a hold rating in a research note on Wednesday, October 11th. Cowen reiterated a buy rating and set a $45.00 price objective on shares of Inphi in a research report on Wednesday, November 1st. B. Riley upped their price objective on Inphi from $42.50 to $48.00 and gave the company a buy rating in a research report on Wednesday, November 1st. BidaskClub upgraded Inphi from a sell rating to a hold rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a buy rating and set a $50.00 price objective on shares of Inphi in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $44.92.
Inphi (IPHI) traded down $0.97 during mid-day trading on Thursday, hitting $36.87. The stock had a trading volume of 982,434 shares, compared to its average volume of 604,372. Inphi has a 52-week low of $33.00 and a 52-week high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,568.23, a PE ratio of 48.51, a P/E/G ratio of 3.55 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, topping the Thomson Reuters’ 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 firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. analysts expect that Inphi will post 0.51 EPS for the current year.
In other Inphi news, VP Charles Roach sold 28,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total transaction of $1,118,320.00. Following the completion of the sale, the vice president now owns 93,947 shares of the company’s stock, valued at $3,752,243.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total value of $326,160.00. Following the sale, 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. In the last quarter, insiders have sold 100,238 shares of company stock valued at $4,037,064. 3.60% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Inphi by 1,047.9% during the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares during the period. Capital Research Global Investors grew its holdings in Inphi by 3.7% during 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 purchasing an additional 180,367 shares during the period. Vanguard Group Inc. grew its holdings in Inphi by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after purchasing an additional 97,957 shares during the period. Ameriprise Financial Inc. grew its holdings in Inphi by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after purchasing an additional 153,355 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Inphi by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after purchasing an additional 837,600 shares during the period.
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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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