Inphi Corp. Director Diosdado Banatao Sells 52,078 Shares (IPHI)
Inphi Corp. (NASDAQ:IPHI) Director Diosdado Banatao unloaded 52,078 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $13.00, for a total transaction of $677,014.00. Following the sale, the director now directly owns 11,557 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray Cos. raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have an “overweight” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of Inphi Corp. (NASDAQ:IPHI) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, July 11th. They now have a $11.50 price target on the stock.
Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Inphi Corp. has an average rating of “Buy” and a consensus price target of $12.88.
Shares of Inphi Corp. (NASDAQ:IPHI) traded down 1.82% during mid-day trading on Tuesday, hitting $12.98. 143,479 shares of the company’s stock traded hands. Inphi Corp. has a 1-year low of $7.45 and a 1-year high of $13.50. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $10.6. The company’s market cap is $382.0 million.
Inphi Corp. (NASDAQ:IPHI) last released its earnings data on Thursday, August 1st. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. During the same quarter last year, the company posted $0.05 earnings per share. Inphi Corp.’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Inphi Corp. will post $0.08 earnings per share for the current fiscal year.
Inphi Corporation (NASDAQ:IPHI) is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
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