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

Zacks Investment Research cut shares of Inphi (NYSE:IPHI) from a hold rating to a sell rating in a research note issued to investors 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 “

A number of other analysts have also issued reports on IPHI. Morgan Stanley boosted their price target on Inphi from $42.00 to $45.00 and gave the company an overweight rating in a report on Wednesday, December 13th. B. Riley lowered Inphi to a buy rating in a report on Thursday, December 7th. Rosenblatt Securities lowered Inphi from a buy rating to a neutral rating and set a $46.00 target price for the company. in a report on Thursday, December 7th. Needham & Company LLC restated a buy rating and set a $50.00 target price on shares of Inphi in a report on Tuesday, November 14th. Finally, Cowen restated a buy rating and set a $45.00 target price on shares of Inphi in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $45.00.

Inphi (IPHI) opened at $37.87 on Wednesday. The firm has a market capitalization of $1,600.00, a price-to-earnings ratio of -28.05, a P/E/G 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 issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $84.30 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. equities analysts anticipate that Inphi will post 0.51 EPS for the current fiscal year.

In related news, VP Charles Roach sold 14,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total value of $567,000.00. Following the transaction, the vice president now directly owns 93,947 shares of the company’s stock, valued at approximately $3,804,853.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Diosdado P. Banatao sold 8,000 shares of the stock in a transaction dated 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 sale, the director now 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 have sold a total of 100,298 shares of company stock worth $4,038,867 over the last ninety days. 3.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in IPHI. FMR LLC increased its holdings 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 buying an additional 5,380,825 shares during the last quarter. Ameriprise Financial Inc. increased its holdings 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 buying an additional 2,525,313 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 buying an additional 837,600 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Inphi during the 3rd quarter worth approximately $21,852,000. Finally, Elk Creek Partners LLC acquired a new stake in shares of Inphi during the 2nd quarter worth approximately $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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