Inphi (NYSE:IPHI) had its target price cut by B. Riley from $43.00 to $40.00 in a research note issued to investors on Thursday, February 8th, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Inphi from a sell rating to a hold rating in a research note on Wednesday, October 11th. Cowen restated a buy rating and issued a $45.00 price target on shares of Inphi in a research note on Wednesday, November 1st. Morgan Stanley upped their price target on Inphi from $42.00 to $45.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. BidaskClub upgraded Inphi from a sell rating to a hold rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC restated a buy rating and issued a $50.00 price target on shares of Inphi in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $39.93.
Shares of Inphi (NYSE:IPHI) traded down $1.13 during trading hours on Thursday, reaching $24.44. The company’s stock had a trading volume of 1,579,100 shares, compared to its average volume of 1,249,739. 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. The stock has a market cap of $1,039.52, a price-to-earnings ratio of -13.73 and a beta of 0.97.
In other Inphi news, CFO John Edmunds sold 108,554 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $25.25, for a total value of $2,740,988.50. Following the completion of the sale, the chief financial officer now directly owns 163,597 shares in the company, valued at $4,130,824.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 108,852 shares of company stock valued at $2,752,286. 3.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Zevenbergen Capital Investments LLC grew its holdings in Inphi by 2.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after purchasing an additional 16,255 shares during the period. New York State Common Retirement Fund boosted its stake 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 acquiring an additional 9,105 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Inphi in the third quarter worth approximately $651,000. Verition Fund Management LLC boosted its stake 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 acquiring an additional 56,238 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake 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 acquiring an additional 53,544 shares during the last quarter.
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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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