Inphi Co. (NYSE:IPHI) Receives Consensus Recommendation of “Buy” from Brokerages

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Inphi Co. (NYSE:IPHI) has received a consensus rating of “Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $75.69.

A number of equities research analysts have commented on IPHI shares. Deutsche Bank raised their price target on shares of Inphi from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays restated a “buy” rating and issued a $90.00 price target on shares of Inphi in a report on Sunday, January 19th. Stifel Nicolaus set a $79.00 price target on shares of Inphi and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC raised their price target on shares of Inphi from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Inphi from $77.00 to $95.00 in a report on Tuesday, November 12th.

In related news, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.70, for a total transaction of $2,726,900.00. Also, Director William J. Ruehle sold 2,800 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $75.10, for a total transaction of $210,280.00. Following the transaction, the director now owns 7,531 shares in the company, valued at $565,578.10. The disclosure for this sale can be found here. Insiders have sold 54,960 shares of company stock valued at $4,032,553 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IPHI. Marshall Wace LLP purchased a new position in Inphi during the first quarter worth about $70,000. Marshall Wace North America L.P. purchased a new position in Inphi during the first quarter worth about $30,000. First Trust Advisors LP boosted its holdings in Inphi by 26.4% during the first quarter. First Trust Advisors LP now owns 46,998 shares of the semiconductor company’s stock worth $2,056,000 after purchasing an additional 9,812 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Inphi by 33.3% during the second quarter. Parametric Portfolio Associates LLC now owns 75,918 shares of the semiconductor company’s stock worth $3,803,000 after purchasing an additional 18,958 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Inphi by 6.5% during the second quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock worth $208,930,000 after purchasing an additional 254,115 shares during the last quarter.

NYSE:IPHI opened at $80.29 on Wednesday. The company has a current ratio of 7.62, a quick ratio of 6.83 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -44.12, a PEG ratio of 4.93 and a beta of 1.61. The firm has a fifty day simple moving average of $77.84 and a two-hundred day simple moving average of $67.68. Inphi has a 12 month low of $36.70 and a 12 month high of $85.04.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $94.23 million during the quarter, compared to analysts’ expectations of $90.09 million. Inphi had a negative net margin of 23.23% and a positive return on equity of 0.46%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. Equities analysts predict that Inphi will post -0.03 earnings per share for the current fiscal year.

About Inphi

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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Analyst Recommendations for Inphi (NYSE:IPHI)

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