Inphi (NYSE:IPHI) Receives Buy Rating from Needham & Company LLC

Inphi (NYSE:IPHI)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Monday, AnalystRatings.com reports. They presently have a $85.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price indicates a potential upside of 15.29% from the stock’s previous close.

IPHI has been the topic of a number of other reports. Cowen upped their price target on shares of Inphi from $53.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. B. Riley upped 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. ValuEngine lowered shares of Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Inphi from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, October 9th. Finally, Deutsche Bank upped their target price on shares of Inphi from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Inphi currently has a consensus rating of “Buy” and a consensus price target of $66.00.

IPHI traded up $1.69 during midday trading on Monday, reaching $73.73. The company had a trading volume of 1,090,683 shares, compared to its average volume of 882,123. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.06 and a current ratio of 7.62. The stock has a market cap of $3.18 billion, a PE ratio of -129.35 and a beta of 1.59. Inphi has a 12-month low of $29.56 and a 12-month high of $74.99. The business has a 50-day moving average price of $63.41 and a two-hundred day moving average price of $56.56.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $94.23 million for the quarter, compared to analysts’ expectations of $90.09 million. Inphi had a negative net margin of 23.23% and a positive return on equity of 0.46%. Inphi’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. On average, research analysts anticipate that Inphi will post -0.04 earnings per share for the current year.

In other Inphi news, VP Charles Roach sold 2,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $63.60, for a total transaction of $127,200.00. Following the completion of the sale, the vice president now owns 107,206 shares of the company’s stock, valued at approximately $6,818,301.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Inphi by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock worth $208,930,000 after acquiring an additional 254,115 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Inphi in the 2nd quarter worth about $39,679,000. Canada Pension Plan Investment Board increased its stake in Inphi by 229.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 766,974 shares of the semiconductor company’s stock valued at $38,425,000 after purchasing an additional 534,474 shares in the last quarter. Janus Henderson Group PLC increased its stake in Inphi by 15.1% during the 2nd quarter. Janus Henderson Group PLC now owns 649,044 shares of the semiconductor company’s stock valued at $32,517,000 after purchasing an additional 85,008 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its stake in Inphi by 11,058.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 622,837 shares of the semiconductor company’s stock valued at $31,204,000 after purchasing an additional 617,255 shares in the last quarter.

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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