Needham & Company LLC Reaffirms “Buy” Rating for Inphi (NYSE:IPHI)

Needham & Company LLC restated their buy rating on shares of Inphi (NYSE:IPHI) in a research note issued to investors on Tuesday, November 14th. The brokerage currently has a $50.00 target price on the semiconductor company’s stock.

Several other equities research analysts have also recently commented on the stock. B. Riley reissued a buy rating and set a $48.00 price target (up from $42.50) on shares of Inphi in a research report on Thursday, November 2nd. Cowen reissued a buy rating and set a $45.00 price target on shares of Inphi in a research report on Wednesday, November 1st. BidaskClub raised shares of Inphi from a sell rating to a hold rating in a research report on Thursday, October 26th. Jefferies Group set a $50.00 price target on shares of Inphi and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, DA Davidson started coverage on shares of Inphi in a research report on Monday, October 16th. They set a neutral rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $44.50.

Shares of Inphi (NYSE IPHI) traded up $0.14 during trading hours on Tuesday, reaching $41.21. 348,934 shares of the company’s stock traded hands, compared to its average volume of 597,860. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi has a 52-week low of $33.00 and a 52-week high of $51.78. The company has a market cap of $1,752.83, a PE ratio of 54.22, a PEG ratio of 3.80 and a beta of 1.01.

Inphi (NYSE:IPHI) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.09 by $0.27. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. research analysts expect that Inphi will post 0.51 EPS for the current year.

In other Inphi news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the transaction, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Diosdado P. Banatao sold 8,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the completion of the transaction, the director now directly owns 6,542 shares in the company, valued at $266,717.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,238 shares of company stock worth $4,037,064. 3.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in IPHI. Albion Financial Group UT grew its position in shares of Inphi by 1.3% during the 2nd quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 125 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Inphi by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 219 shares in the last quarter. Juncture Wealth Strategies LLC grew its position in shares of Inphi by 2.7% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock worth $839,000 after purchasing an additional 647 shares in the last quarter. Rhumbline Advisers grew its position in shares of Inphi by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock worth $1,814,000 after purchasing an additional 742 shares in the last quarter. Finally, Gagnon Securities LLC grew its position in shares of Inphi by 9.7% during the 2nd quarter. Gagnon Securities LLC now owns 9,437 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 836 shares in the last quarter.

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About Inphi

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 (NYSE:IPHI)

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