Inphi (NYSE:IPHI) was downgraded by stock analysts at B. Riley to a “buy” rating in a report issued on Thursday.

Other research analysts have also issued reports about the stock. Jefferies Group set a $50.00 price objective on shares of Inphi and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Inphi from a “hold” rating to a “buy” rating in a report on Thursday, August 31st. Cowen reiterated a “buy” rating and set a $45.00 price objective on shares of Inphi in a report on Sunday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Inphi in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.92.

Inphi (NYSE:IPHI) traded down $0.40 during trading hours on Thursday, reaching $38.92. 549,900 shares of the company’s stock were exchanged, compared to its average volume of 949,471. The stock has a market cap of $1,672.42, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20. Inphi has a 52 week low of $33.00 and a 52 week high of $51.78.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.27. The business had revenue of $84.50 million for the quarter, compared to analyst estimates of $84.30 million. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. equities analysts predict that Inphi will post 0.51 earnings per share for the current year.

In other Inphi news, VP Charles Roach sold 28,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total value of $1,127,560.00. Following the completion of the sale, the vice president now owns 93,947 shares of the company’s stock, valued at $3,783,245.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diosdado P. Banatao sold 17,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.34, for a total transaction of $685,780.00. Following the completion of the sale, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $263,904.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,238 shares of company stock valued at $4,037,064. Corporate insiders own 3.60% of the company’s stock.

Large investors have recently modified their holdings of the business. California Public Employees Retirement System grew its position in shares of Inphi by 56.1% during the third quarter. California Public Employees Retirement System now owns 9,679 shares of the semiconductor company’s stock worth $384,000 after buying an additional 3,479 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Inphi during the third quarter worth approximately $153,000. Quentec Asset Management LLC grew its position in shares of Inphi by 145.8% during the third quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock worth $17,790,000 after buying an additional 265,837 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Inphi during the third quarter worth approximately $21,852,000. Finally, Elk Creek Partners LLC grew its position in shares of Inphi by 2.5% during the third quarter. Elk Creek Partners LLC now owns 482,159 shares of the semiconductor company’s stock worth $19,137,000 after buying an additional 11,601 shares in the last quarter.

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About Inphi

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 (NYSE:IPHI)

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