Inphi (NYSE:IPHI) PT Raised to $135.00

Inphi (NYSE:IPHI) had its price objective raised by Needham & Company LLC from $122.50 to $135.00 in a report released on Tuesday morning, AnalystRatings.com reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Several other analysts also recently commented on IPHI. B. Riley upped their price target on shares of Inphi from $74.00 to $86.00 and gave the company a neutral rating in a research report on Tuesday, May 5th. Stifel Nicolaus upped their price objective on Inphi from $120.00 to $130.00 and gave the company a buy rating in a research note on Wednesday, June 10th. Deutsche Bank lifted their price objective on shares of Inphi from $108.00 to $115.00 and gave the company a buy rating in a research report on Friday, May 8th. Bank of America raised their target price on shares of Inphi from $100.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, April 15th. Finally, Craig Hallum raised their target price on shares of Inphi from $100.00 to $120.00 and gave the stock a buy rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Inphi has an average rating of Buy and an average target price of $108.71.

NYSE:IPHI opened at $127.66 on Tuesday. Inphi has a 1 year low of $55.72 and a 1 year high of $131.30. The stock has a market cap of $6.11 billion, a P/E ratio of -82.36, a P/E/G ratio of 4.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.98 and a current ratio of 1.22. The stock has a 50-day simple moving average of $116.13 and a 200-day simple moving average of $91.77.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $139.40 million during the quarter, compared to the consensus estimate of $138.79 million. Inphi had a negative net margin of 16.66% and a positive return on equity of 3.50%. The company’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, equities research analysts predict that Inphi will post 0.71 EPS for the current year.

In other Inphi news, CFO John Edmunds sold 81,018 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $109.33, for a total transaction of $8,857,697.94. Following the completion of the sale, the chief financial officer now directly owns 216,877 shares in the company, valued at $23,711,162.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ford Tamer sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $109.97, for a total transaction of $3,299,100.00. Following the sale, the chief executive officer now owns 325,003 shares of the company’s stock, valued at $35,740,579.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,821 shares of company stock valued at $16,366,315. 2.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPHI. Hancock Whitney Corp grew its stake in shares of Inphi by 37.9% during the first quarter. Hancock Whitney Corp now owns 9,530 shares of the semiconductor company’s stock valued at $754,000 after acquiring an additional 2,618 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Inphi by 65.4% during the fourth quarter. Macquarie Group Ltd. now owns 50,605 shares of the semiconductor company’s stock worth $3,746,000 after acquiring an additional 20,002 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Inphi by 109.5% during the first quarter. Public Employees Retirement Association of Colorado now owns 6,041 shares of the semiconductor company’s stock worth $478,000 after acquiring an additional 3,158 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Inphi during the first quarter worth about $46,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Inphi during the fourth quarter worth about $244,000.

Inphi Company Profile

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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