Inphi (NYSE:IPHI) was downgraded by research analysts at Northland Securities from a “market perform” rating to an “under perform” rating in a research report issued to clients and investors on Monday, March 19th, MarketBeat.com reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley decreased their price target on Inphi from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Rosenblatt Securities downgraded 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. Bank of America downgraded Inphi from a “neutral” rating to an “underperform” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price objective (down previously from $47.00) on shares of Inphi in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.93.
NYSE IPHI traded up $0.65 on Monday, reaching $32.52. The stock had a trading volume of 511,669 shares, compared to its average volume of 1,064,461. Inphi has a 1 year low of $23.65 and a 1 year high of $46.92. The company has a market capitalization of $1,332.23, a P/E ratio of 56.07 and a beta of 0.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 8.61 and a quick ratio of 8.08.
Inphi (NYSE:IPHI) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Inphi had a positive return on equity of 5.39% and a negative net margin of 21.51%. The company had revenue of $85.68 million during the quarter, compared to analysts’ expectations of $86.30 million. equities analysts anticipate that Inphi will post -0.31 EPS for the current year.
In related news, Director Sam Srinivasan acquired 5,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $24.93 per share, for a total transaction of $124,650.00. Following the completion of the transaction, the director now directly owns 18,865 shares of the company’s stock, valued at approximately $470,304.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ford Tamer acquired 25,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $25.54 per share, with a total value of $638,500.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of IPHI. Public Employees Retirement Association of Colorado acquired a new stake in Inphi during the fourth quarter worth approximately $106,000. Zions Bancorporation acquired a new stake in Inphi during the third quarter worth approximately $153,000. Icon Advisers Inc. Co. acquired a new stake in Inphi during the third quarter worth approximately $202,000. Barings LLC acquired a new stake in Inphi during the fourth quarter worth approximately $202,000. Finally, Tower Research Capital LLC TRC lifted its position in Inphi by 213.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,775 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 3,930 shares during the last quarter.
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Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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