Inphi (IPHI) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Inphi (NYSE:IPHI) from a hold rating to a sell rating in a research note released on Wednesday, January 3rd.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Inphi from a hold rating to a sell rating in a research note on Wednesday, October 18th. Rosenblatt Securities downgraded shares of Inphi from a buy rating to a neutral rating and set a $46.00 price target on the stock. in a research note on Thursday, December 7th. Northland Securities restated a hold rating and issued a $33.00 price objective on shares of Inphi in a report on Friday, September 15th. B. Riley cut shares of Inphi to a buy rating in a report on Thursday, December 7th. Finally, Jefferies Group set a $50.00 price target on shares of Inphi and gave the stock a buy rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $44.23.

Inphi (NYSE IPHI) traded down $3.33 during mid-day trading on Wednesday, reaching $32.07. 3,590,738 shares of the company traded hands, compared to its average volume of 500,869. Inphi has a 52 week low of $31.97 and a 52 week high of $51.78. The firm has a market capitalization of $1,505.69, a price-to-earnings ratio of -23.58, a PEG ratio of 1.79 and a beta of 1.03. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $84.30 million. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. research analysts predict that Inphi will post 0.51 EPS for the current year.

In related news, Director Diosdado P. Banatao sold 5,000 shares of the company’s stock in a transaction 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 sale, the director now owns 6,542 shares in the company, valued at approximately $265,278.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total transaction of $1,118,320.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,752,243.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,298 shares of company stock valued at $4,038,867. 3.60% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Inphi during the 2nd quarter worth $118,000. Ameritas Investment Partners Inc. raised its position in 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 buying an additional 219 shares during the last quarter. Zions Bancorporation purchased a new position in Inphi during the 3rd quarter worth $153,000. BNP Paribas Arbitrage SA raised its position in Inphi by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,940 shares during the last quarter. Finally, FNY Partners Fund LP raised its position in Inphi by 76.2% during the 2nd quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock worth $190,000 after buying an additional 2,400 shares during 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.

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