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

Several other equities analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a strong-buy rating and set a $45.00 target price (down from $50.00) on shares of Inphi in a research note on Friday. Bank of America reaffirmed a neutral rating and set a $40.00 target price on shares of Inphi in a research note on Friday. 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. Finally, Rosenblatt Securities cut shares of Inphi from a buy rating to a neutral rating and set a $46.00 target price for the company. in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $44.29.

Shares of 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. The stock has a market cap of $1,360.00, a price-to-earnings ratio of -23.76, a PEG ratio of 1.62 and a beta of 1.03. Inphi has a 52 week low of $31.97 and a 52 week high of $51.78.

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

In other news, Director Diosdado P. Banatao sold 5,000 shares of the firm’s 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 sale, the director now owns 6,542 shares in the company, valued at approximately $265,278.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the completion of the sale, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. Insiders sold a total of 100,298 shares of company stock valued at $4,038,867 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Inphi during the 2nd quarter valued at about $118,000. Ameritas Investment Partners Inc. lifted its holdings in Inphi by 6.3% during the 2nd 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 in the last quarter. Zions Bancorporation bought a new stake in Inphi during the 3rd quarter valued at about $153,000. BNP Paribas Arbitrage SA lifted its holdings in Inphi by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 3,940 shares in the last quarter. Finally, Icon Advisers Inc. Co. bought a new stake in Inphi during the 3rd quarter valued at about $202,000.

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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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