Inphi (IPHI) PT Lowered to $52.00

Inphi (NYSE:IPHI) had its target price lowered by stock analysts at DA Davidson to $52.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s target price would suggest a potential upside of 20.43% from the stock’s previous close.

A number of other analysts also recently commented on IPHI. ValuEngine raised shares of Inphi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Citigroup reissued a “buy” rating and set a $45.00 price objective on shares of Inphi in a report on Wednesday, January 30th. Needham & Company LLC boosted their price objective on shares of Inphi to $46.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Craig Hallum boosted their price objective 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, Zacks Investment Research raised shares of Inphi from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, February 5th. One research 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 to the company. Inphi presently has a consensus rating of “Buy” and a consensus price target of $44.88.

Shares of NYSE:IPHI opened at $43.18 on Tuesday. The stock has a market capitalization of $1.89 billion, a PE ratio of -75.75, a PEG ratio of 10.83 and a beta of 1.54. The company has a current ratio of 8.13, a quick ratio of 7.64 and a debt-to-equity ratio of 1.25. Inphi has a fifty-two week low of $29.56 and a fifty-two week high of $51.83.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $82.20 million for 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 firm’s revenue was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that Inphi will post 0.15 earnings per share for the current fiscal year.

In other news, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $48.31, for a total value 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 $21,468,819.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ron Torten sold 1,865 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $43.62, for a total transaction of $81,351.30. Following the completion of the transaction, the vice president now directly owns 66,337 shares of the company’s stock, valued at approximately $2,893,619.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,758 shares of company stock valued at $3,130,920. 3.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new position in shares of Inphi in the first quarter valued at approximately $30,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Inphi in the first quarter valued at approximately $65,000. Marshall Wace LLP acquired a new position in shares of Inphi in the first quarter valued at approximately $70,000. NumerixS Investment Technologies Inc acquired a new position in shares of Inphi in the fourth quarter valued at approximately $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Inphi by 28.3% in the fourth 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 last quarter.

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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