Morgan Stanley Reaffirms Equal Weight Rating for Inphi (IPHI)

Inphi (NYSE:IPHI)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued on Friday, Marketbeat reports. They currently have a $45.00 price objective on the semiconductor company’s stock. Morgan Stanley’s target price indicates a potential upside of 40.32% from the stock’s current price.

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

Inphi (IPHI) traded down $3.33 during midday trading on Friday, hitting $32.07. The stock had a trading volume of 3,590,000 shares, compared to its average volume of 600,819. Inphi has a 1-year low of $31.97 and a 1-year high of $51.78. The stock has a market capitalization of $1,360.00, a P/E ratio of -23.76, a PEG ratio of 1.79 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.27. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. The firm had revenue of $84.50 million for the quarter, compared to the consensus estimate of $84.30 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. research analysts forecast that Inphi will post 0.51 EPS for the current fiscal year.

In other Inphi news, VP Charles Roach sold 28,000 shares of Inphi stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.27, for a total value of $1,127,560.00. Following the sale, the vice president now owns 93,947 shares in the company, valued at $3,783,245.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total value of $326,160.00. Following the completion of the sale, the director now owns 6,542 shares in the company, valued at approximately $266,717.34. The disclosure for this sale can be found here. Insiders sold 100,298 shares of company stock worth $4,038,867 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Inphi in the second quarter valued at $118,000. Ameritas Investment Partners Inc. raised 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 during the period. Zions Bancorporation purchased a new stake in Inphi in the third quarter valued at $153,000. BNP Paribas Arbitrage SA raised 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 during the period. Finally, Icon Advisers Inc. Co. purchased a new stake in Inphi in the third quarter valued at $202,000.

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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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