Brokerages Set Inphi Co. (IPHI) Price Target at $37.29

Inphi Co. (NYSE:IPHI) has been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.29.

IPHI has been the subject of several analyst reports. DA Davidson boosted their target price on shares of Inphi to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Barclays cut their target price on shares of Inphi from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Bank of America boosted their target price on shares of Inphi from $23.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Inphi from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Inphi in a research note on Friday, November 2nd.

In other Inphi news, VP Ron Torten sold 12,342 shares of Inphi stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $35.00, for a total value of $431,970.00. Following the completion of the sale, the vice president now owns 64,386 shares in the company, valued at approximately $2,253,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 12,734 shares of company stock valued at $446,132 in the last 90 days. 3.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of IPHI. Sei Investments Co. grew its holdings in shares of Inphi by 118.7% during the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 1,932 shares during the period. Swiss National Bank grew its holdings in shares of Inphi by 3.3% during the 3rd quarter. Swiss National Bank now owns 68,600 shares of the semiconductor company’s stock worth $2,605,000 after purchasing an additional 2,200 shares during the period. First Trust Advisors LP grew its holdings in shares of Inphi by 13.0% during the 3rd quarter. First Trust Advisors LP now owns 21,629 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 2,483 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Inphi by 17.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,627 shares of the semiconductor company’s stock worth $640,000 after purchasing an additional 2,960 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Inphi during the 3rd quarter worth about $115,000.

Shares of NYSE:IPHI traded down $0.28 during midday trading on Monday, hitting $35.82. 13,364 shares of the stock were exchanged, compared to its average volume of 652,754. The company has a market capitalization of $1.56 billion, a PE ratio of 61.73 and a beta of 1.25. The company has a quick ratio of 6.90, a current ratio of 7.42 and a debt-to-equity ratio of 1.14. Inphi has a twelve month low of $23.65 and a twelve month high of $44.32.

Inphi (NYSE:IPHI) last released its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Inphi had a negative return on equity of 5.20% and a negative net margin of 25.21%. The business had revenue of $78.00 million during the quarter, compared to the consensus estimate of $77.93 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Inphi will post -0.63 earnings per share for the current year.

About Inphi

Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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Analyst Recommendations for Inphi (NYSE:IPHI)

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