Inphi Corporation’s (IPHI) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Inphi Corporation (NYSE:IPHI) in a report released on Tuesday. They currently have a $50.00 price target on the semiconductor company’s stock.

Other analysts have also issued reports about the company. B. Riley reaffirmed a buy rating and issued a $45.00 target price on shares of Inphi Corporation in a research report on Wednesday, August 2nd. Deutsche Bank AG decreased their target price on Inphi Corporation from $47.00 to $46.00 and set a buy rating for the company in a research report on Friday, July 21st. Roth Capital decreased their target price on Inphi Corporation from $51.70 to $44.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Craig Hallum reaffirmed a buy rating and issued a $44.00 target price (down from $49.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $50.00 target price (down from $53.00) on shares of Inphi Corporation in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $44.50.

Inphi Corporation (NYSE IPHI) opened at $40.10 on Tuesday. The stock has a market capitalization of $1,700.00, a PE ratio of 52.80, a PEG ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78.

Inphi Corporation (NYSE:IPHI) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $84.50 million during the quarter, compared to analyst estimates of $84.30 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that Inphi Corporation will post 0.51 earnings per share for the current fiscal year.

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In other news, Director Diosdado P. Banatao sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the completion of the transaction, the director now directly owns 6,542 shares of the company’s stock, valued at $266,717.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Diosdado P. Banatao sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the transaction, the director now directly owns 6,542 shares of the company’s stock, valued at $265,278.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,238 shares of company stock valued at $2,909,504 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IPHI. FMR LLC grew its holdings in shares of 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 in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Inphi Corporation by 1,081.8% in the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock valued at $94,624,000 after acquiring an additional 2,525,313 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock valued at $121,921,000 after acquiring an additional 2,494,049 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Inphi Corporation by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after acquiring an additional 837,600 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in shares of Inphi Corporation in the third quarter valued at approximately $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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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