Northland Securities cut shares of Inphi (NYSE:IPHI) from a market perform rating to an under perform rating in a research report sent to investors on Monday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.
Several other equities analysts have also recently issued reports on the company. ValuEngine upgraded Inphi from a sell rating to a hold rating in a report on Tuesday, February 27th. Morgan Stanley decreased their price target on Inphi from $36.00 to $34.00 and set an equal weight rating on the stock in a report on Thursday, February 8th. Craig Hallum set a $34.00 price target on Inphi and gave the company a buy rating in a report on Thursday, February 8th. DA Davidson decreased their price target on Inphi from $34.00 to $27.00 and set a neutral rating on the stock in a report on Thursday, February 8th. Finally, Stifel Nicolaus decreased their price target on Inphi from $40.00 to $38.00 and set a buy rating on the stock in a report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $39.93.
Shares of Inphi stock opened at $32.08 on Monday. Inphi has a 12 month low of $23.65 and a 12 month high of $49.09. The firm has a market capitalization of $1,346.47, a price-to-earnings ratio of -18.02 and a beta of 1.02. The company has a quick ratio of 8.08, a current ratio of 8.61 and a debt-to-equity ratio of 1.02.
Inphi (NYSE:IPHI) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $85.68 million for the quarter, compared to analysts’ expectations of $86.30 million. Inphi had a positive return on equity of 5.39% and a negative net margin of 21.51%. sell-side analysts predict that Inphi will post -0.31 EPS for the current year.
In related news, Director Sam Srinivasan bought 5,000 shares of Inphi stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $24.93 per share, for a total transaction of $124,650.00. Following the completion of the acquisition, the director now owns 18,865 shares in the company, valued at $470,304.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ford Tamer bought 25,000 shares of Inphi stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $25.54 per share, for a total transaction of $638,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 108,852 shares of company stock worth $2,752,286. Company insiders own 3.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of IPHI. Public Employees Retirement Association of Colorado bought a new position in Inphi during the fourth quarter worth about $106,000. Zions Bancorporation bought a new position in Inphi during the third quarter worth about $153,000. Icon Advisers Inc. Co. bought a new position in Inphi during the third quarter worth about $202,000. Barings LLC bought a new position in Inphi during the fourth quarter worth about $202,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Inphi by 213.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,775 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 3,930 shares during the period.
Inphi Company Profile
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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