Shares of Inphi (NYSE:IPHI) gapped down prior to trading on Tuesday . The stock had previously closed at $32.33, but opened at $30.79. Inphi shares last traded at $32.29, with a volume of 806965 shares traded.
A number of equities analysts have commented on IPHI shares. Zacks Investment Research downgraded shares of Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley dropped their target price on shares of Inphi from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. Northland Securities restated a “hold” rating and issued a $21.00 target price on shares of Inphi in a research note on Thursday, February 8th. Bank of America downgraded shares of Inphi from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price (down from $47.00) on shares of Inphi in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Inphi has a consensus rating of “Hold” and an average target price of $39.93.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 8.08 and a current ratio of 8.61. The company has a market cap of $1,412.91, a PE ratio of 55.48 and a beta of 0.92.
Inphi (NYSE:IPHI) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Inphi had a negative net margin of 21.51% and a positive return on equity of 5.39%. The firm had revenue of $85.68 million for the quarter, compared to the consensus estimate of $86.30 million. equities analysts expect that Inphi will post -0.31 EPS for the current fiscal year.
In other news, CEO Ford Tamer bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $25.54 per share, with a total value of $638,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Edmunds sold 108,554 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $25.25, for a total transaction of $2,740,988.50. Following the sale, the chief financial officer now directly owns 163,597 shares of the company’s stock, valued at approximately $4,130,824.25. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Inphi by 2.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 201,738 shares of the semiconductor company’s stock worth $7,384,000 after buying an additional 5,516 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Inphi by 223.5% in the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock worth $3,076,000 after buying an additional 53,544 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Inphi by 81.8% in the fourth quarter. Macquarie Group Ltd. now owns 84,237 shares of the semiconductor company’s stock worth $3,083,000 after buying an additional 37,890 shares during the last quarter. Caption Management LLC purchased a new position in shares of Inphi in the fourth quarter worth $915,000. Finally, Legal & General Group Plc raised its holdings in shares of Inphi by 25.0% in the third quarter. Legal & General Group Plc now owns 21,462 shares of the semiconductor company’s stock worth $850,000 after buying an additional 4,297 shares during the last quarter.
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Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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