Inphi (IPHI) Downgraded to “Equal” at Morgan Stanley

Inphi (NYSE:IPHI) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal” rating in a research note issued on Friday.

Other research analysts have also issued reports about the stock. Bank of America reiterated a “neutral” rating and issued a $40.00 price target on shares of Inphi in a research note on Friday. Needham & Company LLC reiterated a “strong-buy” rating and issued a $45.00 price target (down from $50.00) on shares of Inphi in a research note on Friday. BidaskClub lowered shares of Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Rosenblatt Securities lowered shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research note on Thursday, December 7th. Finally, B. Riley lowered shares of Inphi to a “buy” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.23.

Shares of Inphi (IPHI) traded down $3.33 during midday trading on Friday, reaching $32.07. 3,590,000 shares of the company’s stock traded hands, compared to its average volume of 600,819. 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 has a 1-year low of $31.97 and a 1-year high of $51.78. The company has a market cap of $1,360.00, a price-to-earnings ratio of -23.76, a PEG ratio of 1.91 and a beta of 1.03.

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

In other news, Director Diosdado P. Banatao sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, VP Charles Roach sold 14,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $567,000.00. Following the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,804,853.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,298 shares of company stock worth $4,038,867. Insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IPHI. Schwab Charles Investment Management Inc. boosted its holdings in shares of Inphi by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,801 shares of the semiconductor company’s stock valued at $5,996,000 after acquiring an additional 5,562 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Inphi by 19.9% during the 2nd quarter. Legal & General Group Plc now owns 17,165 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 2,849 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Inphi by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 3,940 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Inphi by 48.2% during the 2nd quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock valued at $1,292,000 after acquiring an additional 12,246 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Inphi by 11.0% in the 2nd quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock worth $3,164,000 after purchasing an additional 9,105 shares during the period.

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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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