Morgan Stanley Reiterates Equal Weight Rating for Inphi (IPHI)

Morgan Stanley restated their equal weight rating on shares of Inphi (NYSE:IPHI) in a research note released on Friday morning, MarketBeat Ratings reports. The firm currently has a $45.00 price target on the semiconductor company’s stock.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Inphi from a hold rating to a sell rating in a research note on Wednesday, January 3rd. B. Riley cut shares of Inphi to a buy rating in a research note on Thursday, December 7th. Rosenblatt Securities cut shares of Inphi from a buy rating to a neutral rating and set a $46.00 price objective on the stock. in a research note on Thursday, December 7th. Needham & Company LLC reissued a buy rating and issued a $50.00 price objective on shares of Inphi in a research note on Tuesday, November 14th. Finally, Cowen reissued a buy rating and issued a $45.00 price objective on shares of Inphi in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $44.23.

Shares of Inphi (IPHI) traded down $3.33 during trading hours on Friday, hitting $32.07. 3,590,000 shares of the stock traded hands, compared to its average volume of 600,819. The firm has a market capitalization of $1,360.00, a P/E ratio of -23.76, a PEG ratio of 1.79 and a beta of 1.03. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi has a 52 week low of $31.97 and a 52 week high of $51.78.

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

In other Inphi news, VP Charles Roach sold 14,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $567,000.00. Following the sale, the vice president now owns 93,947 shares of the company’s stock, valued at $3,804,853.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diosdado P. Banatao sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the sale, the director now directly owns 6,542 shares in the company, valued at approximately $266,717.34. 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. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Inphi by 2.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 201,738 shares of the semiconductor company’s stock valued at $7,384,000 after purchasing an additional 5,516 shares during the period. California Public Employees Retirement System raised its holdings in shares of Inphi by 56.1% during the third quarter. California Public Employees Retirement System now owns 9,679 shares of the semiconductor company’s stock valued at $384,000 after purchasing an additional 3,479 shares during the period. Zions Bancorporation acquired a new position in shares of Inphi during the third quarter valued at about $153,000. Quentec Asset Management LLC raised its holdings in shares of Inphi by 145.8% during the third quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after purchasing an additional 265,837 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of Inphi during the third quarter valued at about $21,852,000.

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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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