Inphi (NYSE:IPHI)‘s stock had its “neutral” rating reissued by investment analysts at Bank of America in a report issued on Friday, MarketBeat reports. They currently have a $40.00 price objective on the semiconductor company’s stock. Bank of America’s price objective points to a potential upside of 24.73% from the company’s previous close.

A number of other research analysts also recently commented on IPHI. Cowen reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi in a report on Sunday, October 1st. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 price objective on shares of Inphi in a research note on Friday. 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. DA Davidson initiated coverage on shares of Inphi in a research note on Monday, October 16th. They issued a “neutral” rating and a $40.00 price objective for the company. Finally, BidaskClub downgraded shares of Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.23.

Inphi (NYSE IPHI) opened at $32.07 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. Inphi has a 1-year low of $31.97 and a 1-year high of $51.78. The company has a market cap of $1,364.07, a PE ratio of -23.58, a P/E/G ratio of 1.62 and a beta of 1.03.

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

In other news, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction that occurred 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 completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at $266,717.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diosdado P. Banatao sold 5,000 shares of Inphi stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following the sale, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The disclosure for this sale can be found here. Insiders have sold 100,298 shares of company stock valued at $4,038,867 in the last ninety days. Insiders own 3.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Albion Financial Group UT increased its holdings in Inphi by 1.3% during the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 125 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Inphi by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 219 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Inphi by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 32,136 shares of the semiconductor company’s stock valued at $1,102,000 after buying an additional 1,400 shares during the period. American International Group Inc. increased its holdings in Inphi by 8.1% during the third quarter. American International Group Inc. now owns 28,178 shares of the semiconductor company’s stock valued at $1,118,000 after buying an additional 2,107 shares during the period. Finally, Quantum Capital Management increased its holdings in Inphi by 39.5% during the second quarter. Quantum Capital Management now owns 7,631 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 2,160 shares during the period.

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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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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