B. Riley restated their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a research report report published on Thursday, November 2nd. B. Riley currently has a $48.00 price objective on the semiconductor company’s stock, up from their prior price objective of $42.50.
IPHI has been the topic of several other research reports. Needham & Company LLC reissued a buy rating and set a $50.00 target price on shares of Inphi Corporation in a report on Wednesday, November 1st. Cowen and Company reissued a buy rating and set a $45.00 target price on shares of Inphi Corporation in a report on Wednesday, November 1st. BidaskClub raised Inphi Corporation from a sell rating to a hold rating in a report on Thursday, October 26th. Jefferies Group LLC set a $50.00 price target on Inphi Corporation and gave the company a buy rating in a report on Wednesday, October 18th. Finally, DA Davidson started coverage on Inphi Corporation in a report on Monday, October 16th. They issued a neutral rating and a $40.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $44.50.
Shares of Inphi Corporation (IPHI) opened at $43.12 on Thursday. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The stock has a market capitalization of $1,800.00, a PE ratio of 52.76, a PEG ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.
Inphi Corporation (NYSE:IPHI) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.27. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The company had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same period in the previous year, the firm posted $0.46 earnings per share. Inphi Corporation’s quarterly revenue was up 19.4% compared to the same quarter last year. research analysts predict that Inphi Corporation will post 0.51 EPS for the current year.
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In other news, Director Diosdado P. Banatao sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following the completion of the transaction, the director now owns 6,542 shares of the company’s stock, valued at $265,278.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the transaction, the vice president now directly owns 93,947 shares of the company’s stock, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. Insiders sold 100,238 shares of company stock valued at $4,037,064 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of IPHI. FMR LLC increased its stake in Inphi Corporation by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after acquiring an additional 5,380,825 shares during the period. Ameriprise Financial Inc. grew its stake in Inphi Corporation by 1,081.8% during the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after buying an additional 2,525,313 shares during the last quarter. BlackRock Inc. grew its stake in Inphi Corporation by 75,144.6% during the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares during the last quarter. Franklin Resources Inc. grew its stake in Inphi Corporation by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after buying an additional 837,600 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in Inphi Corporation during the third quarter worth about $21,852,000.
Inphi Corporation Company Profile
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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