Inphi (NYSE:IPHI) PT Raised to $69.00

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Inphi (NYSE:IPHI) had its price objective upped by Cowen from $53.00 to $69.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

A number of other equities analysts also recently weighed in on IPHI. Northland Securities set a $30.00 price target on Inphi and gave the stock a sell rating in a research report on Monday, May 20th. Craig Hallum set a $62.00 price target on Inphi and gave the stock a buy rating in a research report on Monday, July 8th. They noted that the move was a valuation call. Barclays upped their price target on Inphi from $50.00 to $65.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. Needham & Company LLC increased their price objective on Inphi from $40.00 to $54.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, DA Davidson cut their price objective on Inphi to $52.00 and set a buy rating for the company in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $57.00.

NYSE IPHI opened at $61.78 on Friday. The business’s 50 day simple moving average is $56.18. Inphi has a 52-week low of $29.56 and a 52-week high of $64.50. The company has a current ratio of 8.13, a quick ratio of 7.64 and a debt-to-equity ratio of 1.25. The company has a market cap of $2.88 billion, a PE ratio of -108.39 and a beta of 1.56.

Inphi (NYSE:IPHI) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.43. Inphi had a negative return on equity of 0.77% and a negative net margin of 26.31%. The firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 23.6% on a year-over-year basis. Analysts anticipate that Inphi will post -0.11 EPS for the current fiscal year.

In related news, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 444,397 shares in the company, valued at $21,468,819.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Charles Roach sold 2,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $60.61, for a total value of $121,220.00. Following the completion of the transaction, the vice president now owns 113,996 shares in the company, valued at approximately $6,909,297.56. The disclosure for this sale can be found here. Insiders have sold a total of 57,141 shares of company stock worth $2,836,345 in the last quarter. Company insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. boosted its stake in Inphi by 6.3% in the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 256 shares in the last quarter. Rhumbline Advisers boosted its stake in Inphi by 1.1% in the first quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock valued at $2,591,000 after buying an additional 667 shares in the last quarter. Legal & General Group Plc boosted its stake in Inphi by 4.1% in the fourth quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock valued at $571,000 after buying an additional 693 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Inphi in the first quarter valued at about $30,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in Inphi by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock valued at $987,000 after buying an additional 780 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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