Inphi (IPHI) PT Raised to $45.00 at Morgan Stanley
Inphi (NYSE:IPHI) had its target price boosted by stock analysts at Morgan Stanley from $42.00 to $45.00 in a research note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential upside of 22.92% from the stock’s previous close.
Several other equities analysts have also commented on IPHI. Zacks Investment Research upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of Inphi from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Jefferies Group restated a “buy” rating and set a $50.00 price target on shares of Inphi in a research report on Tuesday, September 12th. Northland Securities restated a “hold” rating and set a $33.00 price target on shares of Inphi in a research report on Friday, September 15th. Finally, Cowen restated a “buy” rating and set a $45.00 price target on shares of Inphi in a research report on Sunday, October 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.00.
Shares of Inphi (NYSE:IPHI) traded down $0.56 during trading hours on Wednesday, hitting $36.61. 430,700 shares of the company’s stock were exchanged, compared to its average volume of 947,923. The firm has a market capitalization of $1,580.97, a PE ratio of 48.91, a price-to-earnings-growth ratio of 3.58 and a beta of 1.01. Inphi has a 52 week low of $33.00 and a 52 week 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 (NYSE:IPHI) last issued 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 for the quarter, compared to analysts’ expectations of $84.30 million. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. sell-side analysts predict that Inphi will post 0.51 earnings per share for the current fiscal year.
In other news, Director Diosdado P. Banatao sold 17,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 6,542 shares in the company, valued at approximately $263,904.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $39.94, for a total transaction of $1,118,320.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,752,243.18. The disclosure for this sale can be found here. Insiders sold a total of 100,238 shares of company stock valued at $4,037,064 in the last quarter. 3.60% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of IPHI. FMR LLC boosted its position in shares of Inphi by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Inphi by 1,081.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock valued at $94,624,000 after purchasing an additional 2,525,313 shares in the last quarter. Franklin Resources Inc. lifted its stake in Inphi by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after buying an additional 837,600 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in Inphi during the third quarter valued at about $21,852,000. Finally, Elk Creek Partners LLC purchased a new stake in Inphi during the second quarter valued at about $16,140,000.
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Inphi 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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