Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a note issued to investors on Tuesday. They currently have a $50.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 21.51% from the stock’s current price.

A number of other equities analysts have also recently commented on IPHI. B. Riley reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi Corporation in a research note on Wednesday, August 2nd. Craig Hallum reaffirmed a “buy” rating and issued a $44.00 price target (down from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Morgan Stanley decreased their price target on Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Deutsche Bank AG decreased their price target on Inphi Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi Corporation in a research note on Sunday, October 1st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Inphi Corporation presently has a consensus rating of “Buy” and a consensus target price of $44.50.

Inphi Corporation (NYSE IPHI) traded up $0.29 during trading hours on Tuesday, reaching $41.15. The company had a trading volume of 657,000 shares, compared to its average volume of 976,016. The company has a market cap of $1,737.92, a P/E ratio of 53.76, a price-to-earnings-growth ratio of 3.76 and a beta of 1.04. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02.

Inphi Corporation (NYSE:IPHI) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. Inphi Corporation’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. research analysts anticipate that Inphi Corporation will post 0.51 EPS for the current fiscal year.

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In other Inphi Corporation news, Director Diosdado P. Banatao sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total value of $202,750.00. Following the sale, the director now directly owns 6,542 shares of the company’s stock, valued at $265,278.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Charles Roach sold 14,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $40.50, for a total value of $567,000.00. Following the completion of the sale, the vice president now directly owns 93,947 shares in the company, valued at $3,804,853.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,238 shares of company stock worth $779,244. 3.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Scout Investments Inc. bought a new position in shares of Inphi Corporation during the second quarter valued at $1,271,000. Frontier Capital Management Co. LLC bought a new position in shares of Inphi Corporation during the second quarter valued at $12,391,000. Vanguard Group Inc. lifted its holdings in shares of Inphi Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock valued at $145,001,000 after purchasing an additional 143,904 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Inphi Corporation by 23.3% during the second quarter. Bank of New York Mellon Corp now owns 1,346,617 shares of the semiconductor company’s stock valued at $46,190,000 after purchasing an additional 254,207 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Inphi Corporation by 48.2% during the second quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock valued at $1,292,000 after purchasing an additional 12,246 shares in the last quarter.

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.

Analyst Recommendations for Inphi Corporation (NYSE:IPHI)

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