Craig Hallum Analysts Give Inphi (IPHI) a $34.00 Price Target

Craig Hallum set a $34.00 price objective on Inphi (NYSE:IPHI) in a report released on Thursday morning. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus dropped their price objective on shares of Inphi from $40.00 to $38.00 and set a buy rating on the stock in a report on Thursday. B. Riley reaffirmed a buy rating and set a $48.00 price objective on shares of Inphi in a report on Friday, January 19th. Rosenblatt Securities downgraded shares of Inphi from a buy rating to a neutral rating and set a $46.00 price objective on the stock. in a report on Thursday, December 7th. BidaskClub downgraded shares of Inphi from a hold rating to a sell rating in a report on Wednesday, October 18th. Finally, Morgan Stanley reissued an equal weight rating and issued a $45.00 price target on shares of Inphi in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $39.93.

Shares of Inphi (NYSE IPHI) opened at $24.51 on Thursday. The company has a market cap of $1,042.51, a PE ratio of 49.02, a price-to-earnings-growth ratio of 2.76 and a beta of 0.97. Inphi has a fifty-two week low of $23.65 and a fifty-two week high of $51.78. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.

In related news, VP Charles Roach sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.50, for a total value of $567,000.00. Following the transaction, the vice president now directly owns 93,947 shares in the company, valued at $3,804,853.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was 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 owns 6,542 shares in the company, valued at $266,717.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,298 shares of company stock worth $3,836,117. 3.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Zevenbergen Capital Investments LLC increased its position in shares of Inphi by 2.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock worth $32,115,000 after purchasing an additional 16,255 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Inphi by 11.0% in the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock worth $3,164,000 after purchasing an additional 9,105 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Inphi in the third quarter worth approximately $651,000. Verition Fund Management LLC increased its position in shares of Inphi by 1,124.8% in the second quarter. Verition Fund Management LLC now owns 61,238 shares of the semiconductor company’s stock worth $2,100,000 after purchasing an additional 56,238 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Inphi by 223.5% in the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock worth $3,076,000 after purchasing an additional 53,544 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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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