Shares of Inphi Co. (NYSE:IPHI) have been given an average rating of “Buy” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $46.15.
IPHI has been the subject of a number of recent analyst reports. Craig Hallum restated a “buy” rating and set a $58.00 price target (up previously from $48.00) on shares of Inphi in a report on Wednesday, May 1st. Bank of America upgraded shares of Inphi from a “neutral” rating to a “buy” rating in a report on Monday, May 6th. Northland Securities reiterated a “sell” rating and issued a $34.00 target price on shares of Inphi in a report on Wednesday, May 1st. Deutsche Bank lifted their target price on shares of Inphi from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $55.00 target price (up previously from $46.00) on shares of Inphi in a report on Wednesday, May 1st.
IPHI traded down $0.12 during trading on Tuesday, reaching $48.52. The company’s stock had a trading volume of 410,900 shares, compared to its average volume of 814,057. The company has a current ratio of 8.13, a quick ratio of 7.64 and a debt-to-equity ratio of 1.25. The stock has a fifty day simple moving average of $46.11. Inphi has a 1 year low of $29.56 and a 1 year high of $51.83. The company has a market capitalization of $2.20 billion, a P/E ratio of -85.12 and a beta of 1.49.
Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.08). The business had revenue of $82.20 million during the quarter, compared to the consensus estimate of $80.97 million. Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) EPS. On average, equities analysts expect that Inphi will post -0.07 earnings per share for the current fiscal year.
In other Inphi news, CFO John Edmunds sold 10,141 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $50.00, for a total value of $507,050.00. Following the completion of the transaction, the chief financial officer now owns 255,283 shares in the company, valued at $12,764,150. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the completion of the transaction, the chief executive officer now owns 444,397 shares of the company’s stock, valued at approximately $21,468,819.07. The disclosure for this sale can be found here. Insiders sold a total of 75,467 shares of company stock valued at $3,618,251 in the last quarter. 3.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of IPHI. Rhumbline Advisers grew its stake in shares of Inphi by 46.8% in the fourth quarter. Rhumbline Advisers now owns 58,580 shares of the semiconductor company’s stock worth $1,883,000 after acquiring an additional 18,687 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Inphi in the fourth quarter worth $4,530,000. BBT Capital Management LLC acquired a new position in shares of Inphi in the fourth quarter worth $330,000. First Trust Advisors LP grew its stake in shares of Inphi by 71.9% in the fourth quarter. First Trust Advisors LP now owns 37,186 shares of the semiconductor company’s stock worth $1,196,000 after acquiring an additional 15,557 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Inphi by 8.9% in the fourth quarter. California Public Employees Retirement System now owns 38,133 shares of the semiconductor company’s stock worth $1,226,000 after acquiring an additional 3,101 shares in the last quarter.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
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