Inphi (NYSE:IPHI) was downgraded by research analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $46.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 21.56% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $42.50 target price on shares of Inphi in a research note on Saturday, August 12th. Jefferies Group reaffirmed a “buy” rating and set a $50.00 target price (down previously from $53.00) on shares of Inphi in a research note on Wednesday, August 9th. BidaskClub raised Inphi from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Cowen reaffirmed a “buy” rating and set a $45.00 target price on shares of Inphi in a research note on Sunday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Inphi in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.92.

Shares of Inphi (IPHI) traded down $1.08 on Thursday, reaching $37.84. The company had a trading volume of 1,514,704 shares, compared to its average volume of 951,866. The stock has a market cap of $1,672.42, a PE ratio of 51.74, a P/E/G ratio of 3.62 and a beta of 1.01. Inphi has a 1 year low of $33.00 and a 1 year high of $51.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72.

Inphi (NYSE:IPHI) last issued its quarterly 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 firm had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. Inphi’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. equities analysts anticipate that Inphi will post 0.51 EPS for the current year.

In related news, Director Diosdado P. Banatao sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at approximately $266,717.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Diosdado P. Banatao sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the sale, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,238 shares of company stock worth $4,037,064. Company insiders own 3.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scout Investments Inc. acquired a new stake in Inphi in the 2nd quarter worth approximately $1,271,000. Frontier Capital Management Co. LLC acquired a new stake in Inphi in the 2nd quarter worth approximately $12,391,000. Bank of New York Mellon Corp lifted its holdings in Inphi by 23.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,346,617 shares of the semiconductor company’s stock worth $46,190,000 after purchasing an additional 254,207 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Inphi by 48.2% in the 2nd quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock worth $1,292,000 after purchasing an additional 12,246 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Inphi by 839.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 346,860 shares of the semiconductor company’s stock worth $11,897,000 after purchasing an additional 309,930 shares during 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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