Inphi (IPHI) – Research Analysts’ Recent Ratings Updates

Inphi (NYSE: IPHI) has recently received a number of price target changes and ratings updates:

  • 5/6/2019 – Inphi was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.
  • 5/1/2019 – Inphi had its “sell” rating reaffirmed by analysts at Northland Securities. They now have a $34.00 price target on the stock. They wrote, “We see strong overall/China Telecom demand, esp 200G upgrades in 2H19 and strength in 64 GB ICs supporting 400G-600G and 1.2T telecom speeds, as very positive for the broader 100G+ Optical group with a particular focus on NPTN, and view IPHI’s almost preemptive inventory comments, estimate PAM4 and associated TIA/Driver IC inventories of $7-9M throughout the year relative to ~$5M in 5G PAM4 OC revs in Q1 that is expected to grow, as isolated to accelerated 5G field trials in China. We view the net effect, along with weaker than expected Q1 datacom revs down 19% seq, is to limit upside potential in CY19 with a more front end loaded bias for the year.””
  • 5/1/2019 – Inphi had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $55.00 price target on the stock, up previously from $46.00.
  • 5/1/2019 – Inphi had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $58.00 price target on the stock, up previously from $48.00.
  • 5/1/2019 – Inphi had its price target raised by analysts at Needham & Company LLC from $40.00 to $54.00. They now have a “buy” rating on the stock.
  • 4/3/2019 – Inphi was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

NYSE IPHI traded down $6.77 during trading hours on Thursday, hitting $44.70. 150,454 shares of the company’s stock were exchanged, compared to its average volume of 749,719. Inphi Co. has a 1-year low of $29.56 and a 1-year high of $51.83. The stock has a market capitalization of $2.12 billion, a P/E ratio of -78.42, a P/E/G ratio of 12.52 and a beta of 1.54. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.13 and a quick ratio of 7.64.

Inphi (NYSE:IPHI) last released its earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The business had revenue of $82.20 million during the quarter, compared to analysts’ expectations of $80.97 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The firm’s revenue was up 36.8% on a year-over-year basis. Equities analysts expect that Inphi Co. will post 0.15 earnings per share for the current year.

In related news, CEO Ford Tamer sold 37,000 shares of Inphi stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the transaction, the chief executive officer now owns 444,397 shares of the company’s stock, valued at $21,468,819.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ron Torten sold 1,247 shares of Inphi stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.00, for a total value of $56,115.00. Following the transaction, the vice president now directly owns 65,090 shares in the company, valued at approximately $2,929,050. The disclosure for this sale can be found here. Insiders sold 65,758 shares of company stock valued at $3,130,920 in the last three months. Insiders own 3.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new stake in Inphi during the first quarter worth $30,000. NumerixS Investment Technologies Inc bought a new stake in Inphi during the fourth quarter worth $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Inphi during the first quarter worth $65,000. Marshall Wace LLP bought a new stake in Inphi during the first quarter worth $70,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Inphi by 28.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 666 shares during the period.

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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