Inphi (IPHI) Cut to Equal at Morgan Stanley

Morgan Stanley lowered shares of Inphi (NYSE:IPHI) from an overweight rating to an equal rating in a research note issued to investors on Friday morning.

Other analysts have also recently issued research reports about the company. Bank of America restated a neutral rating and set a $40.00 target price on shares of Inphi in a report on Friday. Needham & Company LLC restated a strong-buy rating and set a $45.00 target price (down previously from $50.00) on shares of Inphi in a report on Friday. BidaskClub lowered Inphi from a hold rating to a sell rating in a research note on Wednesday, October 18th. Rosenblatt Securities lowered Inphi from a buy rating to a neutral rating and set a $46.00 price target on the stock. in a research note on Thursday, December 7th. Finally, B. Riley lowered Inphi to a buy rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $44.23.

Shares of Inphi (NYSE IPHI) traded down $3.33 during mid-day trading on Friday, hitting $32.07. The stock had a trading volume of 3,590,000 shares, compared to its average volume of 600,819. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,360.00, a PE ratio of -23.76, a PEG ratio of 1.79 and a beta of 1.03. Inphi has a 12 month low of $31.97 and a 12 month high of $51.78.

Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. equities research analysts forecast that Inphi will post 0.51 earnings per share for the current year.

In other Inphi news, VP Charles Roach sold 14,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $40.50, for a total value of $567,000.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at $3,804,853.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the transaction, the director now directly owns 6,542 shares in the company, valued at approximately $265,278.10. The disclosure for this sale can be found here. Insiders have sold 100,298 shares of company stock worth $4,038,867 in the last ninety days. 3.60% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in IPHI. FMR LLC lifted its stake in Inphi by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after buying an additional 5,380,825 shares during the period. Epoch Investment Partners Inc. acquired a new position in Inphi in the third quarter valued at about $21,852,000. Quentec Asset Management LLC lifted its stake in Inphi by 145.8% in the third quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after buying an additional 265,837 shares during the period. Westfield Capital Management Co. LP lifted its stake in Inphi by 60.7% in the third quarter. Westfield Capital Management Co. LP now owns 557,240 shares of the semiconductor company’s stock valued at $22,117,000 after buying an additional 210,380 shares during the period. Finally, Zevenbergen Capital Investments LLC lifted its stake in Inphi by 34.7% in the second quarter. Zevenbergen Capital Investments LLC now owns 792,885 shares of the semiconductor company’s stock valued at $27,196,000 after buying an additional 204,075 shares during the period.

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Inphi Company Profile

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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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