Inphi Co. (NYSE:IPHI) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Inphi Co. (NYSE:IPHI) in a research note released on Friday.

Other research analysts have also issued reports about the stock. Deutsche Bank AG reduced their price objective on shares of Inphi from $55.00 to $47.00 and set a buy rating for the company in a research note on Wednesday, May 3rd. B. Riley reiterated a buy rating and issued a $48.25 price objective on shares of Inphi in a research note on Monday, May 8th. Cowen and Company reduced their price objective on shares of Inphi from $56.00 to $45.00 and set an outperform rating for the company in a research note on Wednesday, May 3rd. BidaskClub upgraded shares of Inphi from a sell rating to a hold rating in a research note on Saturday, July 8th. Finally, TheStreet lowered shares of Inphi from a b rating to a c rating in a research note on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $49.47.

Shares of Inphi (NYSE:IPHI) traded down 1.80% during midday trading on Friday, hitting $37.69. The company had a trading volume of 628,192 shares. The company’s 50-day moving average price is $38.24 and its 200 day moving average price is $43.70. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.75 and a beta of 1.14. Inphi has a 12-month low of $33.00 and a 12-month high of $51.78.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Inphi had a negative net margin of 12.05% and a negative return on equity of 9.83%. The business had revenue of $93.58 million during the quarter, compared to analyst estimates of $93.49 million. Equities research analysts predict that Inphi will post $1.63 earnings per share for the current fiscal year.

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In other news, VP Ron Torten sold 6,302 shares of Inphi stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $44.12, for a total transaction of $278,044.24. Following the completion of the sale, the vice president now directly owns 49,506 shares of the company’s stock, valued at approximately $2,184,204.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard Ogawa sold 1,434 shares of Inphi stock in a transaction on Friday, April 21st. The stock was sold at an average price of $44.12, for a total transaction of $63,268.08. Following the sale, the general counsel now directly owns 58,777 shares of the company’s stock, valued at $2,593,241.24. The disclosure for this sale can be found here. Insiders have sold a total of 14,307 shares of company stock valued at $636,351 over the last ninety days. 4.22% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Inphi by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock worth $145,001,000 after buying an additional 143,904 shares in the last quarter. BlackRock Inc. increased its stake in Inphi by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Inphi by 51.1% in the first quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 369,338 shares in the last quarter. State Street Corp increased its stake in Inphi by 7.6% in the first quarter. State Street Corp now owns 955,237 shares of the semiconductor company’s stock worth $46,636,000 after buying an additional 67,172 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Inphi by 42.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 737,743 shares of the semiconductor company’s stock worth $36,016,000 after buying an additional 220,280 shares in the last quarter.

About Inphi

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

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