Inphi (NYSE:IPHI)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a note issued to investors on Friday, January 19th, Marketbeat Ratings reports. They presently have a $45.00 price target on the semiconductor company’s stock. Morgan Stanley’s price target would indicate a potential upside of 78.93% from the stock’s previous close.
A number of other research analysts also recently issued reports on IPHI. Cowen reaffirmed a “buy” rating and set a $45.00 price target on shares of Inphi in a report on Sunday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Inphi in a report on Tuesday, November 14th. DA Davidson assumed coverage on Inphi in a report on Monday, October 16th. They issued a “neutral” rating and a $40.00 target price on the stock. Zacks Investment Research raised Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.93.
Inphi (IPHI) opened at $25.15 on Friday. The stock has a market capitalization of $1,099.92, a price-to-earnings ratio of -14.13, a PEG ratio of 2.91 and a beta of 0.97. 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 1-year low of $23.65 and a 1-year high of $51.78.
In other news, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $40.27, for a total value of $1,127,560.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at $3,783,245.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 28,298 shares of company stock worth $1,138,857 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Albion Financial Group UT raised its stake in shares of Inphi by 1.3% in the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after buying an additional 125 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Inphi by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 219 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Inphi by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 32,136 shares of the semiconductor company’s stock worth $1,102,000 after purchasing an additional 1,400 shares in the last quarter. Rothschild Investment Corp IL grew its position in shares of Inphi by 6.1% during the fourth quarter. Rothschild Investment Corp IL now owns 27,850 shares of the semiconductor company’s stock worth $1,019,000 after purchasing an additional 1,600 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of Inphi by 8.1% during the third quarter. American International Group Inc. now owns 28,178 shares of the semiconductor company’s stock worth $1,118,000 after purchasing an additional 2,107 shares in the last quarter.
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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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