Inphi (NYSE:IPHI) Hits New 12-Month High at $55.72

Inphi Co. (NYSE:IPHI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.72 and last traded at $55.02, with a volume of 481635 shares trading hands. The stock had previously closed at $52.72.

A number of analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target (down previously from $15.00) on shares of Nabriva Therapeutics in a report on Wednesday, May 1st. Craig Hallum lowered their price target on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating for the company in a report on Wednesday, May 1st. DA Davidson lowered their price target on Inphi to $52.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Finally, Northland Securities set a $68.00 price target on Lumentum and gave the company a “buy” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.21.

The firm has a market capitalization of $2.62 billion, a P/E ratio of -102.18 and a beta of 1.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. The stock has a 50 day moving average of $47.93.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $82.20 million during the quarter, compared to the consensus estimate of $80.97 million. Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. Inphi’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Equities research analysts predict that Inphi Co. will post -0.07 earnings per share for the current fiscal year.

In other news, CFO John Edmunds sold 10,141 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $50.00, for a total transaction of $507,050.00. Following the transaction, the chief financial officer now directly owns 255,283 shares of the company’s stock, valued at $12,764,150. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 444,397 shares in the company, valued at $21,468,819.07. The disclosure for this sale can be found here. Insiders sold 75,059 shares of company stock valued at $3,600,036 in the last three months. 3.30% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of IPHI. Marshall Wace North America L.P. purchased a new stake in shares of Inphi during the first quarter valued at $30,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Inphi during the first quarter valued at $65,000. Marshall Wace LLP purchased a new stake in shares of Inphi during the first quarter valued at $70,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Inphi during the fourth quarter valued at $58,000. Finally, Zions Bancorporation N.A. grew its holdings in shares of Inphi by 6.3% during the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 256 shares during the last quarter.

Inphi Company Profile (NYSE:IPHI)

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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