Shares of Inphi Corporation (NYSE:IPHI) have been assigned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.73.

Several research firms have weighed in on IPHI. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Inphi in a report on Tuesday, November 14th. B. Riley raised their price objective on shares of Inphi from $42.50 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $45.00 price objective on shares of Inphi in a report on Wednesday, November 1st. Northland Securities restated a “hold” rating and set a $33.00 price objective on shares of Inphi in a report on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of Inphi from a “sell” rating to a “hold” rating in a report on Friday, September 15th.

Shares of Inphi (NYSE IPHI) opened at $36.93 on Friday. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1,567.79, a price-to-earnings ratio of 48.50, a price-to-earnings-growth ratio of 3.55 and a beta of 1.01. Inphi has a twelve month low of $33.00 and a twelve month high of $51.78.

Inphi (NYSE:IPHI) last posted its earnings results 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 company 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 business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. sell-side analysts anticipate that Inphi will post 0.51 EPS for the current year.

In related news, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 93,947 shares of the company’s stock, valued at $3,783,245.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Diosdado P. Banatao sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 100,238 shares of company stock worth $4,037,064. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Inphi in the second quarter valued at $118,000. Ameritas Investment Partners Inc. grew its position in Inphi by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares in the last quarter. Zions Bancorporation bought a new position in Inphi in the third quarter valued at $153,000. BNP Paribas Arbitrage SA grew its position in Inphi by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares in the last quarter. Finally, FNY Partners Fund LP grew its position in Inphi by 76.2% in the second quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 2,400 shares in the last quarter.

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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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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