Inphi Corp. (NYSE:IPHI)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $48.00 price objective on the stock, up from their previous price objective of $44.00. Stifel Nicolaus’ price target would indicate a potential upside of 22.89% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Jefferies Group reissued a “buy” rating on shares of Inphi Corp. in a research report on Thursday, September 8th. JPMorgan Chase & Co. started coverage on Inphi Corp. in a research report on Tuesday, August 30th. They issued an “overweight” rating and a $55.00 price target on the stock. Northland Securities cut Inphi Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 price target on shares of Inphi Corp. in a research report on Tuesday, August 9th. Finally, Needham & Company LLC boosted their price target on Inphi Corp. from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Inphi Corp. presently has an average rating of “Buy” and a consensus target price of $39.03.
Shares of Inphi Corp. (NYSE:IPHI) opened at 39.06 on Thursday. The stock’s market capitalization is $1.59 billion. The firm has a 50-day moving average price of $41.70 and a 200-day moving average price of $35.49. Inphi Corp. has a 52-week low of $22.07 and a 52-week high of $44.82.
Inphi Corp. (NYSE:IPHI) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The firm had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $69.34 million. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts predict that Inphi Corp. will post $1.35 EPS for the current year.
In other news, CEO Ford Tamer sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $41.02, for a total value of $1,640,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sam Srinivasan sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at $436,231.80. The disclosure for this sale can be found here. 4.22% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its stake in Inphi Corp. by 60.8% in the first quarter. TIAA CREF Investment Management LLC now owns 194,626 shares of the company’s stock valued at $6,489,000 after buying an additional 73,622 shares during the period. JPMorgan Chase & Co. raised its stake in Inphi Corp. by 7.4% in the first quarter. JPMorgan Chase & Co. now owns 1,213,968 shares of the company’s stock valued at $40,474,000 after buying an additional 83,681 shares during the period. Palisade Capital Management LLC NJ bought a new stake in Inphi Corp. during the first quarter valued at approximately $2,521,000. Menta Capital LLC bought a new stake in Inphi Corp. during the first quarter valued at approximately $227,000. Finally, 1832 Asset Management L.P. bought a new stake in Inphi Corp. during the first quarter valued at approximately $1,542,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Inphi Corp. Company Profile
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.