Northland Securities Reiterates $30.00 Price Target for Inphi (IPHI)

Northland Securities set a $30.00 price objective on Inphi (NYSE:IPHI) in a report issued on Monday morning, TipRanks reports. The firm currently has a sell rating on the semiconductor company’s stock.

Several other brokerages have also recently commented on IPHI. Needham & Company LLC boosted their price target on shares of Inphi from $40.00 to $54.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. DA Davidson upgraded shares of Inphi from a neutral rating to a buy rating and boosted their price target for the stock from $36.00 to $45.00 in a research note on Monday, January 28th. JPMorgan Chase & Co. restated an overweight rating and issued a $55.00 target price (up from $46.00) on shares of Inphi in a report on Wednesday, May 1st. Craig Hallum boosted their target price on shares of Inphi from $40.00 to $48.00 and gave the stock a buy rating in a report on Wednesday, January 30th. Finally, Bank of America upgraded shares of Inphi from a neutral rating to a buy rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $44.29.

Shares of IPHI stock opened at $41.15 on Monday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -72.19, a P/E/G ratio of 10.83 and a beta of 1.54. Inphi has a 52 week low of $29.56 and a 52 week high of $51.83. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $82.20 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, equities analysts expect that Inphi will post 0.15 earnings per share for the current fiscal year.

In related news, VP Ron Torten sold 9,229 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $47.03, for a total transaction of $434,039.87. Following the transaction, the vice president now directly owns 44,004 shares in the company, valued at approximately $2,069,508.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the transaction, the chief executive officer now owns 444,397 shares in the company, valued at $21,468,819.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,758 shares of company stock worth $3,130,920. Insiders own 3.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Inphi by 28.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 666 shares during the period. Rhumbline Advisers boosted its position in Inphi by 1.1% in the 1st quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock valued at $2,591,000 after buying an additional 667 shares during the period. Legal & General Group Plc boosted its position in Inphi by 4.1% in the 4th quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock valued at $571,000 after buying an additional 693 shares during the period. Marshall Wace North America L.P. purchased a new stake in Inphi in the 1st quarter valued at about $30,000. Finally, Gagnon Securities LLC boosted its position in Inphi by 6.2% in the 1st quarter. Gagnon Securities LLC now owns 16,012 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 941 shares during the period.

Inphi Company Profile

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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Analyst Recommendations for Inphi (NYSE:IPHI)

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