Inphi (IPHI) Shares Down 6%

Inphi (NYSE:IPHI) shares dropped 6% during trading on Monday . The stock traded as low as $28.68 and last traded at $30.79. Approximately 2,250,496 shares traded hands during mid-day trading, an increase of 110% from the average daily volume of 1,072,192 shares. The stock had previously closed at $32.75.

Several research firms recently commented on IPHI. Stifel Nicolaus decreased their price target on shares of Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 8th. B. Riley restated a “buy” rating and set a $48.00 price target on shares of Inphi in a report on Friday, January 19th. Morgan Stanley restated an “equal weight” rating and set a $45.00 price target on shares of Inphi in a report on Friday, January 19th. ValuEngine cut shares of Inphi from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $45.00 price target (down from $50.00) on shares of Inphi in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.93.

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The company has a current ratio of 8.61, a quick ratio of 8.08 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,412.91, a PE ratio of 53.09 and a beta of 0.92.

Inphi (NYSE:IPHI) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $85.68 million during the quarter, compared to analysts’ expectations of $86.30 million. Inphi had a negative net margin of 21.51% and a positive return on equity of 5.39%. equities research analysts expect that Inphi will post -0.31 EPS for the current fiscal year.

In other news, CEO Ford Tamer purchased 25,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $25.54 per share, with a total value of $638,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sam Srinivasan purchased 5,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $24.93 per share, for a total transaction of $124,650.00. Following the transaction, the director now owns 18,865 shares of the company’s stock, valued at $470,304.45. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Inphi in the fourth quarter valued at approximately $711,000. Macquarie Group Ltd. raised its position in shares of Inphi by 81.8% in the fourth quarter. Macquarie Group Ltd. now owns 84,237 shares of the semiconductor company’s stock valued at $3,083,000 after purchasing an additional 37,890 shares during the period. Sciencast Management LP bought a new position in shares of Inphi in the fourth quarter valued at approximately $292,000. TIAA CREF Investment Management LLC raised its position in shares of Inphi by 229.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock valued at $13,389,000 after purchasing an additional 254,835 shares during the period. Finally, Folger Hill Asset Management LP raised its position in shares of Inphi by 57.0% in the fourth quarter. Folger Hill Asset Management LP now owns 58,400 shares of the semiconductor company’s stock valued at $2,137,000 after purchasing an additional 21,200 shares during the period.

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About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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