A number of other analysts have also weighed in on IPHI. Jefferies Group reissued a buy rating on shares of Inphi Corp. in a research note on Thursday, September 8th. JPMorgan Chase & Co. assumed coverage on Inphi Corp. in a research note on Tuesday, August 30th. They set an overweight rating and a $55.00 price objective for the company. Northland Securities lowered Inphi Corp. from an outperform rating to a market perform rating in a research note on Wednesday, September 7th. Deutsche Bank AG reissued a buy rating and set a $40.00 price objective on shares of Inphi Corp. in a research note on Tuesday, August 9th. Finally, Needham & Company LLC increased their price objective on Inphi Corp. from $44.00 to $45.00 and gave the company a strong-buy rating in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Inphi Corp. presently has a consensus rating of Buy and a consensus target price of $39.03.
Inphi Corp. (NYSE:IPHI) traded down 0.38% during mid-day trading on Friday, reaching $38.91. 170,340 shares of the company traded hands. The company’s 50-day moving average is $41.70 and its 200-day moving average is $35.49. Inphi Corp. has a 12-month low of $22.07 and a 12-month high of $44.82. The stock’s market capitalization is $1.58 billion.
Inphi Corp. (NYSE:IPHI) last issued its earnings results on Monday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business earned $60.50 million during the quarter, compared to analyst estimates of $69.34 million. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. Inphi Corp.’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Equities analysts predict that Inphi Corp. will post $1.35 earnings per share for the current fiscal year.
In other news, CEO Ford Tamer sold 40,000 shares of the firm’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ron Torten sold 1,111 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $42.25, for a total value of $46,939.75. Following the transaction, the vice president now owns 61,000 shares of the company’s stock, valued at $2,577,250. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased 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 valued at $52,748,000 after buying an additional 939,018 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Inphi Corp. by 0.8% in the second quarter. California Public Employees Retirement System now owns 79,800 shares of the company’s stock valued at $2,556,000 after buying an additional 600 shares during the last quarter. UBS Group AG increased its position in shares of Inphi Corp. by 198.2% in the first quarter. UBS Group AG now owns 44,268 shares of the company’s stock valued at $1,476,000 after buying an additional 29,422 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Inphi Corp. during the second quarter valued at $2,194,000. Finally, Cheyne Capital Management UK LLP bought a new position in shares of Inphi Corp. during the second quarter valued at $320,000. Hedge funds and other institutional investors own 90.54% 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.
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