Inphi’s (IPHI) Buy Rating Reaffirmed at B. Riley

Inphi (NYSE:IPHI)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research report issued to clients and investors on Friday. They currently have a $48.00 price target on the semiconductor company’s stock. B. Riley’s price objective suggests a potential upside of 49.67% from the company’s previous close.

IPHI has been the topic of several other research reports. DA Davidson began coverage on shares of Inphi in a report on Monday, October 16th. They set a “neutral” rating and a $40.00 price objective on the stock. BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Inphi in a report on Tuesday, November 14th. Finally, Rosenblatt Securities downgraded shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.23.

Shares of Inphi (IPHI) traded down $3.33 on Friday, reaching $32.07. 3,585,616 shares of the company traded hands, compared to its average volume of 906,992. The company has a market cap of $1,360.00, a P/E ratio of -23.76, a PEG ratio of 1.91 and a beta of 1.03. Inphi has a 12-month low of $31.97 and a 12-month 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 posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $84.50 million for the quarter, compared to the consensus estimate of $84.30 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. equities research analysts forecast that Inphi will post 0.51 EPS for the current year.

In related news, Director Diosdado P. Banatao sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total value of $326,160.00. Following the sale, the director now owns 6,542 shares of the company’s stock, valued at $266,717.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the completion of the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. In the last three months, insiders sold 100,298 shares of company stock worth $4,038,867. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Inphi by 48.2% in the second 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 period. Zevenbergen Capital Investments LLC increased its stake in Inphi by 2.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after acquiring an additional 16,255 shares during the period. Quentec Asset Management LLC bought a new stake in Inphi in the second quarter valued at about $6,255,000. New York State Common Retirement Fund increased its stake in Inphi by 11.0% in the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock valued at $3,164,000 after acquiring an additional 9,105 shares during the period. Finally, Pinnacle Associates Ltd. bought a new stake in Inphi in the third quarter valued at about $651,000.

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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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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