Inphi (IPHI) Stock Rating Reaffirmed by Needham & Company LLC

Inphi (NYSE:IPHI)‘s stock had its “strong-buy” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $45.00 price target on the semiconductor company’s stock, down from their prior price target of $50.00. Needham & Company LLC’s target price indicates a potential upside of 40.32% from the stock’s previous close.

IPHI has been the topic of a number of other reports. Morgan Stanley reissued an “equal weight” rating and set a $45.00 target price on shares of Inphi in a report on Friday. Jefferies Group set a $50.00 target price on shares of Inphi and gave the stock a “buy” rating in a report on Wednesday, October 18th. B. Riley cut shares of Inphi to a “buy” rating in a report on Thursday, December 7th. BidaskClub cut shares of Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One research 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 stock. The stock presently has an average rating of “Buy” and an average target price of $44.23.

Inphi (IPHI) traded down $3.33 on Friday, reaching $32.07. 3,590,000 shares of the company traded hands, compared to its average volume of 600,819. The firm has a market capitalization of $1,360.00, a PE ratio of -23.76, a PEG ratio of 1.79 and a beta of 1.03. 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.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 negative net margin of 16.27% and a positive return on equity of 7.79%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. sell-side analysts predict that Inphi will post 0.51 earnings per share for the current year.

In related news, VP Charles Roach sold 28,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $39.94, for a total value of $1,118,320.00. Following the sale, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,752,243.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Diosdado P. Banatao sold 17,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.34, for a total transaction of $685,780.00. Following the completion of the sale, the director now directly owns 6,542 shares in the company, valued at approximately $263,904.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,298 shares of company stock worth $4,038,867. Corporate insiders own 3.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Inphi in the 2nd quarter worth about $118,000. Ameritas Investment Partners Inc. increased its holdings in shares of Inphi by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 219 shares during the period. Zions Bancorporation acquired a new stake in shares of Inphi in the 3rd quarter worth about $153,000. BNP Paribas Arbitrage SA increased its holdings in shares of Inphi by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,940 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of Inphi in the 3rd quarter worth about $202,000.

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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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