Inphi Corporation (NYSE:IPHI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
Other research analysts have also issued research reports about the company. B. Riley reiterated a “buy” rating and issued a $48.25 price target on shares of Inphi Corporation in a report on Wednesday, May 3rd. Deutsche Bank AG cut their price target on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Cowen and Company lowered their price objective on Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. TheStreet downgraded Inphi Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research raised Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.58.
Shares of Inphi Corporation (NYSE IPHI) traded up 1.22% during midday trading on Friday, reaching $36.62. The company had a trading volume of 896,778 shares. Inphi Corporation has a 12-month low of $25.89 and a 12-month high of $51.78. The stock has a market capitalization of $1.54 billion, a PE ratio of 18.22 and a beta of 1.17. The stock’s 50 day moving average is $38.58 and its 200-day moving average is $44.10.
Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $93.58 million for the quarter, compared to analyst estimates of $93.49 million. Inphi Corporation had a return on equity of 11.23% and a net margin of 28.77%. On average, equities research analysts predict that Inphi Corporation will post $1.64 earnings per share for the current fiscal year.
In related news, General Counsel Richard Ogawa sold 4,303 shares of the stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $44.12, for a total transaction of $189,848.36. Following the completion of the sale, the general counsel now directly owns 43,561 shares of the company’s stock, valued at $1,921,911.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ron Torten sold 956 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $46.38, for a total value of $44,339.28. Following the sale, the vice president now directly owns 60,374 shares of the company’s stock, valued at $2,800,146.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,660 shares of company stock valued at $652,458. Company insiders own 4.22% of the company’s stock.
Several hedge funds have recently modified their holdings of IPHI. FNY Partners Fund LP increased its stake in shares of Inphi Corporation by 1,345.0% in the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock worth $153,000 after buying an additional 2,932 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Inphi Corporation during the first quarter worth approximately $169,000. US Bancorp DE increased its stake in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after buying an additional 754 shares during the last quarter. Creative Planning increased its stake in shares of Inphi Corporation by 367.5% in the first quarter. Creative Planning now owns 4,025 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,164 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Inphi Corporation during the first quarter worth approximately $217,000.
Inphi Corporation 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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