Inphi (IPHI) Price Target Cut to $52.00 by Analysts at DA Davidson

Inphi (NYSE:IPHI) had its price target lowered by investment analysts at DA Davidson to $52.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s price objective indicates a potential upside of 26.83% from the company’s current price.

A number of other brokerages also recently weighed in on IPHI. Northland Securities set a $30.00 price target on Inphi and gave the stock a “sell” rating in a research report on Monday. Needham & Company LLC upped their target price on Inphi from $40.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $55.00 target price (up previously from $46.00) on shares of Inphi in a research report on Wednesday, May 1st. Craig Hallum upped their target price on Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Finally, Bank of America raised Inphi from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $44.88.

NYSE IPHI traded down $0.15 during trading on Tuesday, reaching $41.00. 1,215,500 shares of the company’s stock were exchanged, compared to its average volume of 826,842. The company has a market cap of $1.89 billion, a PE ratio of -71.93, a price-to-earnings-growth ratio of 10.83 and a beta of 1.54. The company has a quick ratio of 7.64, a current ratio of 8.13 and a debt-to-equity ratio of 1.25. Inphi has a fifty-two week low of $29.56 and a fifty-two week high of $51.83.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $82.20 million for the quarter, compared to the consensus estimate of $80.97 million. Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. As a group, research analysts anticipate that Inphi will post 0.15 EPS for the current fiscal year.

In related news, General Counsel Richard Ogawa sold 1,320 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $43.62, for a total transaction of $57,578.40. Following the sale, the general counsel now owns 55,209 shares of the company’s stock, valued at $2,408,216.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ford Tamer sold 37,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $48.31, for a total value of $1,787,470.00. Following the sale, the chief executive officer now directly owns 444,397 shares in the company, valued at approximately $21,468,819.07. The disclosure for this sale can be found here. Insiders sold 65,758 shares of company stock worth $3,130,920 in the last ninety days. 3.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Inphi during the fourth quarter worth approximately $389,000. Taylor Frigon Capital Management LLC grew its position in Inphi by 2.0% during the first quarter. Taylor Frigon Capital Management LLC now owns 48,240 shares of the semiconductor company’s stock worth $2,110,000 after buying an additional 957 shares in the last quarter. Rhumbline Advisers grew its position in Inphi by 46.8% during the fourth quarter. Rhumbline Advisers now owns 58,580 shares of the semiconductor company’s stock worth $1,883,000 after buying an additional 18,687 shares in the last quarter. First Trust Advisors LP grew its position in Inphi by 71.9% during the fourth quarter. First Trust Advisors LP now owns 37,186 shares of the semiconductor company’s stock worth $1,196,000 after buying an additional 15,557 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Inphi during the fourth quarter worth approximately $58,000.

Inphi Company Profile

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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