Inphi (NYSE:IPHI) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Inphi (NYSE:IPHI) from a hold rating to a sell rating in a report released on Wednesday, January 3rd.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

IPHI has been the topic of a number of other reports. BidaskClub upgraded Inphi from a sell rating to a hold rating in a report on Thursday, October 26th. DA Davidson assumed coverage on Inphi in a report on Monday, October 16th. They set a neutral rating and a $40.00 target price on the stock. Northland Securities reiterated a hold rating and set a $33.00 target price on shares of Inphi in a report on Friday, September 15th. Needham & Company LLC reiterated a buy rating and set a $50.00 target price on shares of Inphi in a report on Tuesday, November 14th. Finally, Rosenblatt Securities downgraded Inphi from a buy rating to a neutral rating and set a $46.00 price objective on the stock. in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $45.00.

Shares of Inphi (NYSE:IPHI) opened at $37.76 on Wednesday. The company has a market capitalization of $1,600.00, a P/E ratio of -27.97, a PEG ratio of 1.95 and a beta of 1.03. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. Inphi has a 52 week low of $33.00 and a 52 week high of $51.78.

Inphi (NYSE:IPHI) last posted its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million for the quarter, compared to analyst estimates of $84.30 million. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. Inphi’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. research analysts forecast that Inphi will post 0.51 EPS for the current fiscal year.

In other news, VP Charles Roach sold 28,000 shares of Inphi stock in a transaction on 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 transaction, the vice president now owns 93,947 shares in the company, valued at $3,752,243.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diosdado P. Banatao sold 17,000 shares of Inphi stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $40.34, for a total value of $685,780.00. Following the transaction, the director now owns 6,542 shares in the company, valued at approximately $263,904.28. The disclosure for this sale can be found here. Insiders sold a total of 100,298 shares of company stock worth $4,038,867 in the last three months. Company insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPHI. FMR LLC boosted its stake in shares of Inphi by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after acquiring an additional 5,380,825 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Inphi by 1,081.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after acquiring an additional 2,525,313 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Inphi by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after acquiring an additional 837,600 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Inphi during the 3rd quarter worth about $21,852,000. Finally, Elk Creek Partners LLC bought a new stake in shares of Inphi during the 2nd quarter worth about $16,140,000.

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About Inphi

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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