Inphi Corp. (NYSE:IPHI) has been assigned a consensus recommendation of “Buy” from the fifteen research firms that are covering the firm. Two research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $40.55.
IPHI has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating on shares of Inphi Corp. in a report on Thursday, September 8th. JPMorgan Chase & Co. initiated coverage on Inphi Corp. in a report on Tuesday, August 30th. They issued an “overweight” rating and a $55.00 price target for the company. Deutsche Bank AG restated a “buy” rating and issued a $40.00 price target on shares of Inphi Corp. in a report on Tuesday, August 9th. Northland Securities downgraded Inphi Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 7th. Finally, Needham & Company LLC increased their price target on Inphi Corp. from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 9th.
Shares of Inphi Corp. (NYSE:IPHI) opened at 40.86 on Friday. Inphi Corp. has a 1-year low of $22.07 and a 1-year high of $44.54. The firm has a 50-day moving average price of $41.33 and a 200-day moving average price of $34.11. The company’s market capitalization is $1.66 billion.
Inphi Corp. (NYSE:IPHI) last released its quarterly earnings data on Monday, August 8th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business earned $60.50 million during the quarter, compared to the consensus estimate of $69.34 million. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities analysts anticipate that Inphi Corp. will post $1.36 earnings per share for the current year.
In other news, CEO Ford Tamer sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $41.02, for a total transaction of $1,640,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sam Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $41.40, for a total value of $414,000.00. Following the transaction, the director now owns 10,537 shares in the company, valued at approximately $436,231.80. The disclosure for this sale can be found here. 4.22% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. raised its position in shares of Inphi Corp. by 3,838.8% in the second quarter. 1832 Asset Management L.P. now owns 1,055,600 shares of the company’s stock worth $55,966,000 after buying an additional 1,028,800 shares during the period. Wellington Management Group LLP raised its position in shares of Inphi Corp. by 146.0% in the first quarter. Wellington Management Group LLP now owns 1,582,150 shares of the company’s stock worth $52,748,000 after buying an additional 939,018 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Inphi Corp. by 270.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,082,392 shares of the company’s stock worth $34,669,000 after buying an additional 789,962 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Inphi Corp. during the second quarter worth $19,738,000. Finally, Maplelane Capital LLC raised its position in shares of Inphi Corp. by 88.7% in the second quarter. Maplelane Capital LLC now owns 1,152,710 shares of the company’s stock worth $36,921,000 after buying an additional 541,710 shares during the period. Institutional investors own 90.48% of the company’s stock.
About Inphi Corp.
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, test and measurement equipment and military systems.
Receive News & Ratings for Inphi Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi Corp. and related companies with MarketBeat.com's FREE daily email newsletter.