Inphi Co. (NYSE:IPHI) has received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $56.17.

A number of brokerages recently weighed in on IPHI. B. Riley boosted their target price on shares of Inphi from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a $55.00 target price (up from $46.00) on shares of Inphi in a report on Wednesday, May 1st. Needham & Company LLC boosted their target price on shares of Inphi from $40.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Barclays boosted their target price on shares of Inphi from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Northland Securities set a $30.00 target price on shares of Inphi and gave the stock a “sell” rating in a report on Monday, May 20th.

IPHI traded down $0.64 during trading on Wednesday, reaching $63.11. 441,871 shares of the stock were exchanged, compared to its average volume of 859,310. The company has a market cap of $2.93 billion, a PE ratio of -110.72 and a beta of 1.56. Inphi has a twelve month low of $29.56 and a twelve month high of $66.56. The business’s 50 day moving average price is $58.88. The company has a debt-to-equity ratio of 1.34, a quick ratio of 7.06 and a current ratio of 7.69.

Inphi (NYSE:IPHI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.43. The business had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.41 million. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that Inphi will post -0.11 EPS for the current year.

In other Inphi news, VP Charles Roach sold 2,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $60.61, for a total value of $121,220.00. Following the transaction, the vice president now directly owns 113,996 shares in the company, valued at $6,909,297.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Ruehle sold 2,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $43.34, for a total transaction of $108,350.00. Following the completion of the transaction, the director now owns 6,311 shares in the company, valued at $273,518.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,141 shares of company stock worth $3,525,755. Corporate insiders own 3.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. boosted its position in shares of Inphi by 6.3% in the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 256 shares during the period. Rhumbline Advisers boosted its position in shares of Inphi by 1.1% in the first quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock valued at $2,591,000 after acquiring an additional 667 shares during the period. Legal & General Group Plc boosted its position in shares of Inphi by 4.1% in the fourth quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock valued at $571,000 after acquiring an additional 693 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Inphi in the first quarter valued at about $30,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Inphi by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock valued at $987,000 after acquiring an additional 780 shares during the period.

About Inphi

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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Analyst Recommendations for Inphi (NYSE:IPHI)

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