Inphi (IPHI) Reaches New 52-Week High at $51.70

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Inphi Co. (NYSE:IPHI) hit a new 52-week high on Wednesday . The company traded as high as $51.70 and last traded at $51.62, with a volume of 33196 shares. The stock had previously closed at $50.12.

A number of equities research analysts have recently weighed in on the company. Bank of America upgraded Inphi from a “neutral” rating to a “buy” rating in a research note on Monday, May 6th. Craig Hallum restated a “buy” rating and set a $58.00 price target (up previously from $48.00) on shares of Inphi in a research note on Wednesday, May 1st. Northland Securities restated a “sell” rating and set a $34.00 price target on shares of Inphi in a research note on Wednesday, May 1st. JPMorgan Chase & Co. restated an “overweight” rating and set a $55.00 price target (up previously from $46.00) on shares of Inphi in a research note on Wednesday, May 1st. Finally, Needham & Company LLC boosted their price target on Inphi from $40.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $44.63.

The company has a quick ratio of 7.64, a current ratio of 8.13 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $2.33 billion, a P/E ratio of -73.54, a PEG ratio of 13.43 and a beta of 1.54.

Inphi (NYSE:IPHI) last released its earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The firm had revenue of $82.20 million during the quarter, compared to the consensus estimate of $80.97 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue was up 36.8% compared to the same quarter last year. As a group, research analysts predict that Inphi Co. will post 0.15 earnings per share for the current fiscal year.

In related news, General Counsel Richard Ogawa sold 8,150 shares of Inphi stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $46.95, for a total transaction of $382,642.50. Following the completion of the sale, the general counsel now owns 40,653 shares of the company’s stock, valued at $1,908,658.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ford Tamer sold 37,000 shares of Inphi stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $48.31, for a total value of $1,787,470.00. Following the sale, the chief executive officer now directly owns 444,397 shares of the company’s stock, valued at approximately $21,468,819.07. The disclosure for this sale can be found here. Insiders have sold 65,758 shares of company stock valued at $3,130,920 in the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in Inphi in the first quarter valued at approximately $30,000. NumerixS Investment Technologies Inc acquired a new position in Inphi in the fourth quarter valued at approximately $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Inphi in the first quarter valued at approximately $65,000. Marshall Wace LLP acquired a new position in Inphi in the first quarter valued at approximately $70,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Inphi by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 666 shares during the period.

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Inphi Company Profile (NYSE:IPHI)

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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