Inphi (NYSE:IPHI) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Inphi (NYSE:IPHI) from a buy rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

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 research reports about the stock. B. Riley lifted their price objective on shares of Inphi from $45.00 to $51.00 and gave the stock a neutral rating in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on shares of Inphi from $45.00 to $60.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Inphi from $77.00 to $95.00 in a report on Tuesday, November 12th. DA Davidson lifted their price objective on shares of Inphi from $70.00 to $84.00 and gave the stock a buy rating in a report on Tuesday, November 12th. Finally, Deutsche Bank lifted their price objective on shares of Inphi from $68.00 to $70.00 and gave the stock a buy rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Inphi presently has an average rating of Buy and a consensus target price of $71.93.

Inphi stock traded down $0.67 during mid-day trading on Wednesday, reaching $73.70. The company’s stock had a trading volume of 508,905 shares, compared to its average volume of 1,108,241. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -129.30 and a beta of 1.59. The business has a 50 day moving average price of $64.81 and a 200-day moving average price of $57.38. The company has a current ratio of 7.62, a quick ratio of 6.83 and a debt-to-equity ratio of 1.35. Inphi has a twelve month low of $29.56 and a twelve month high of $77.67.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $94.23 million during the quarter, compared to the consensus estimate of $90.09 million. Inphi had a negative net margin of 23.23% and a positive return on equity of 0.46%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, equities analysts expect that Inphi will post -0.03 EPS for the current fiscal year.

In other Inphi news, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.70, for a total value of $2,726,900.00. Company insiders own 3.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Nuveen Asset Management LLC bought a new stake in shares of Inphi during the second quarter valued at about $39,679,000. Balyasny Asset Management LLC raised its stake in shares of Inphi by 11,058.0% during the second quarter. Balyasny Asset Management LLC now owns 622,837 shares of the semiconductor company’s stock valued at $31,204,000 after purchasing an additional 617,255 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Inphi by 229.9% during the second quarter. Canada Pension Plan Investment Board now owns 766,974 shares of the semiconductor company’s stock valued at $38,425,000 after purchasing an additional 534,474 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Inphi by 326.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 589,680 shares of the semiconductor company’s stock valued at $29,543,000 after purchasing an additional 451,458 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Inphi by 6.5% during the second quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock valued at $208,930,000 after purchasing an additional 254,115 shares in the last quarter.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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