Inphi (IPHI) Shares Down 0.3%

Inphi Co. (NYSE:IPHI) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $31.11 and last traded at $32.00. Approximately 18,133 shares traded hands during trading, a decline of 98% from the average daily volume of 766,769 shares. The stock had previously closed at $31.92.

IPHI has been the subject of a number of research reports. B. Riley lowered shares of Inphi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $37.00 to $36.00 in a research note on Thursday, July 19th. DA Davidson lifted their target price on shares of Inphi to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Bank of America lifted their target price on shares of Inphi from $23.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, July 25th. Needham & Company LLC lifted their target price on shares of Inphi from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Northland Securities set a $27.00 target price on shares of Inphi and gave the company a “sell” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Inphi has an average rating of “Hold” and a consensus target price of $38.35.

The company has a current ratio of 7.42, a quick ratio of 6.90 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.67 billion, a PE ratio of 54.90 and a beta of 1.14.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.38. Inphi had a negative net margin of 33.36% and a negative return on equity of 3.51%. The business had revenue of $69.81 million during the quarter, compared to analyst estimates of $69.28 million. During the same quarter in the previous year, the business earned $0.35 EPS. Inphi’s quarterly revenue was down 17.3% compared to the same quarter last year. Equities research analysts predict that Inphi Co. will post -0.64 earnings per share for the current year.

In related news, VP Ron Torten sold 12,342 shares of Inphi stock in a transaction on Monday, August 27th. The shares were sold at an average price of $35.00, for a total value of $431,970.00. Following the completion of the sale, the vice president now owns 64,386 shares of the company’s stock, valued at approximately $2,253,510. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 12,694 shares of company stock valued at $444,709. 3.40% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Inphi by 11.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 834,292 shares of the semiconductor company’s stock valued at $27,206,000 after purchasing an additional 82,961 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Inphi by 40.1% in the 2nd quarter. Janus Henderson Group PLC now owns 581,966 shares of the semiconductor company’s stock valued at $18,978,000 after purchasing an additional 166,615 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Inphi by 5.5% in the 2nd quarter. Northern Trust Corp now owns 532,633 shares of the semiconductor company’s stock valued at $17,369,000 after purchasing an additional 27,929 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Inphi by 6.2% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 462,114 shares of the semiconductor company’s stock valued at $15,070,000 after purchasing an additional 27,037 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in shares of Inphi by 14.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 346,300 shares of the semiconductor company’s stock valued at $11,293,000 after purchasing an additional 44,873 shares during the last quarter.

Inphi Company Profile (NYSE:IPHI)

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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