According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “
IPHI has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target (down from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. Craig Hallum lowered their target price on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. DA Davidson lowered their target price on Inphi to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Bank of America upgraded Esperion Therapeutics from an “underperform” rating to a “neutral” rating in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.63.
Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). The business had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $80.97 million. Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, research analysts expect that Inphi will post -0.12 EPS for the current year.
In other Inphi news, Director William J. Ruehle sold 2,500 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $43.34, for a total transaction of $108,350.00. Following the completion of the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $273,518.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Edmunds sold 10,141 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $50.00, for a total value of $507,050.00. Following the transaction, the chief financial officer now directly owns 255,283 shares of the company’s stock, valued at $12,764,150. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,520 shares of company stock worth $3,286,527. 3.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new position in Inphi during the 1st quarter valued at $30,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Inphi during the 1st quarter valued at $65,000. Marshall Wace LLP bought a new position in Inphi during the 1st quarter valued at $70,000. NumerixS Investment Technologies Inc bought a new position in Inphi during the 4th quarter valued at $58,000. Finally, Zions Bancorporation N.A. boosted its stake in Inphi by 6.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 256 shares in the last quarter.
Inphi Company Profile
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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