Several other equities research analysts have also weighed in on the company. Cowen and Company reissued an outperform rating and issued a $65.00 price objective on shares of Inphi in a report on Saturday, March 11th. Zacks Investment Research lowered Inphi from a buy rating to a hold rating in a report on Monday, February 13th. B. Riley reissued a buy rating and issued a $60.00 price objective on shares of Inphi in a report on Saturday, February 11th. Jefferies Group LLC lifted their price objective on Inphi from $45.00 to $60.00 and gave the stock a buy rating in a report on Wednesday, February 8th. Finally, Needham & Company LLC lifted their price objective on Inphi from $50.00 to $55.00 and gave the stock a strong-buy rating in a report on Wednesday, February 8th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $52.45.
Inphi (NYSE:IPHI) opened at 46.78 on Wednesday. Inphi has a 52 week low of $25.89 and a 52 week high of $51.78. The firm has a market cap of $1.95 billion, a P/E ratio of 20.76 and a beta of 1.39. The firm’s 50-day moving average price is $46.86 and its 200 day moving average price is $44.24.
Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. Inphi had a return on equity of 11.69% and a net margin of 35.68%. The firm earned $80.90 million during the quarter, compared to analyst estimates of $76 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up 53.2% compared to the same quarter last year. Equities analysts forecast that Inphi will post $1.93 earnings per share for the current fiscal year.
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In other Inphi news, VP Charles Roach sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $44.29, for a total value of $442,900.00. Following the completion of the transaction, the vice president now owns 82,080 shares in the company, valued at approximately $3,635,323.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Richard Ogawa sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $46.42, for a total value of $2,321,000.00. Following the completion of the transaction, the general counsel now owns 102,811 shares of the company’s stock, valued at approximately $4,772,486.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,597 shares of company stock valued at $4,695,966. 4.22% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its position in shares of Inphi by 6.3% in the third quarter. Prudential Financial Inc. now owns 48,072 shares of the company’s stock valued at $2,092,000 after buying an additional 2,830 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Inphi by 12.8% in the second quarter. Macquarie Group Ltd. now owns 207,243 shares of the company’s stock valued at $6,638,000 after buying an additional 23,526 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Inphi during the third quarter valued at approximately $2,334,000. OZ Management LP bought a new position in shares of Inphi during the third quarter valued at approximately $3,091,000. Finally, Numeric Investors LLC increased its position in shares of Inphi by 402.7% in the fourth quarter. Numeric Investors LLC now owns 55,300 shares of the company’s stock valued at $2,467,000 after buying an additional 44,300 shares in the last quarter. Institutional investors and hedge funds own 97.62% of the company’s stock.
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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