Inphi (NYSE:IPHI) Price Target Raised to $60.00

Inphi (NYSE:IPHI) had its price target boosted by Morgan Stanley from $45.00 to $60.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have an equal weight rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. Needham & Company LLC upped their price objective on Inphi from $40.00 to $54.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Bank of America set a $68.00 price objective on Inphi and gave the company a buy rating in a research report on Monday, July 15th. Northland Securities set a $30.00 price objective on Inphi and gave the company a sell rating in a research report on Monday, May 20th. Barclays upped their price objective on Inphi from $50.00 to $65.00 and gave the company an overweight rating in a research report on Thursday, July 18th. Finally, Craig Hallum upped their price objective on Inphi from $62.00 to $70.00 and gave the company a buy rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $57.00.

IPHI traded down $1.04 during trading on Friday, reaching $62.55. 30,523 shares of the stock were exchanged, compared to its average volume of 1,038,307. The stock’s 50 day moving average price is $55.12. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.13 and a quick ratio of 7.64. The firm has a market capitalization of $2.88 billion, a P/E ratio of -109.92 and a beta of 1.55. Inphi has a 1 year low of $29.56 and a 1 year high of $64.50.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.43. Inphi had a negative return on equity of 0.77% and a negative net margin of 26.31%. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.41 million. During the same period in the previous year, the business earned $0.15 earnings per share. Inphi’s quarterly revenue was up 23.6% compared to the same quarter last year. Equities research analysts anticipate that Inphi will post -0.11 EPS for the current fiscal year.

In other news, Director William J. Ruehle sold 2,500 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $43.34, for a total value of $108,350.00. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at $273,518.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Charles Roach sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $62.16, for a total value of $124,320.00. Following the completion of the sale, the vice president now owns 111,996 shares of the company’s stock, valued at approximately $6,961,671.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,141 shares of company stock valued at $2,715,385. Insiders own 3.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of IPHI. Victory Capital Management Inc. purchased a new position in Inphi in the first quarter valued at about $48,565,000. Janus Henderson Group PLC boosted its holdings in Inphi by 15.1% in the second quarter. Janus Henderson Group PLC now owns 649,044 shares of the semiconductor company’s stock valued at $32,517,000 after purchasing an additional 85,008 shares during the last quarter. Jennison Associates LLC boosted its holdings in Inphi by 265.8% in the first quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock valued at $22,545,000 after purchasing an additional 374,522 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Inphi by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 455,751 shares of the semiconductor company’s stock valued at $14,652,000 after purchasing an additional 25,224 shares during the last quarter. Finally, FIL Ltd boosted its holdings in Inphi by 8.9% in the first quarter. FIL Ltd now owns 316,082 shares of the semiconductor company’s stock valued at $13,825,000 after purchasing an additional 25,819 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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Analyst Recommendations for Inphi (NYSE:IPHI)

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