Recent Analysts’ Ratings Changes for Inphi (IPHI)

Several brokerages have updated their recommendations and price targets on shares of Inphi (NYSE: IPHI) in the last few weeks:

  • 11/2/2018 – Inphi had its price target raised by analysts at JPMorgan Chase & Co. from $44.00 to $46.00. They now have an “overweight” rating on the stock.
  • 11/2/2018 – Inphi had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock. They wrote, “IPHI reported 3Q18 revenue and NG EPS slightly above the midpoint of guidance. Revenues grew 12% Q/Q in 3Q18 due to strength in Data Center products with the ramp of PAM-4 products and strength in ColorZ demand following a soft 2Q18. Inphi remains on track to begin shipping its Porrima 100G single-lambda PAM solution in 4Q18 given the pull-in of 200G/400G deployments with hyperscale operators. The LH/metro market was stable in 3Q18 and is expected to grow Q/Q in 4Q18. With the ramp of IPHI’s intra-datacenter PAM-4 solutions further diversifying the company’s customer base and end market exposure and the LH/metro business returning to Q/Q growth, we reiterate our Buy and $40 PT .””
  • 10/23/2018 – Inphi was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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 “
  • 10/23/2018 – Inphi had its price target lowered by analysts at Barclays PLC from $40.00 to $38.00. They now have an “overweight” rating on the stock.

IPHI traded up $0.80 on Monday, reaching $35.54. The company’s stock had a trading volume of 864,222 shares, compared to its average volume of 753,466. The company has a market capitalization of $1.52 billion, a P/E ratio of 61.28 and a beta of 1.25. Inphi Co. has a 1 year low of $23.65 and a 1 year high of $44.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.90 and a current ratio of 7.42.

Inphi (NYSE:IPHI) last issued its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $78.00 million during the quarter, compared to the consensus estimate of $77.93 million. Inphi had a negative return on equity of 5.20% and a negative net margin of 25.21%. Inphi’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, equities research analysts forecast that Inphi Co. will post -0.64 earnings per share for the current fiscal year.

In related news, VP Ron Torten sold 12,342 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $35.00, for a total value of $431,970.00. Following the completion of the transaction, the vice president now owns 64,386 shares of the company’s stock, valued at $2,253,510. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,694 shares of company stock valued at $444,709 in the last three months. 3.40% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in Inphi during the 3rd quarter worth approximately $115,000. Sei Investments Co. lifted its holdings in Inphi by 118.7% during the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after buying an additional 1,932 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in Inphi during the 2nd quarter worth approximately $203,000. Amalgamated Bank acquired a new stake in shares of Inphi during the 2nd quarter worth approximately $216,000. Finally, Aperio Group LLC acquired a new stake in shares of Inphi during the 2nd quarter worth approximately $233,000.

Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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