Inphi (IPHI) Upgraded by Zacks Investment Research to Hold

Inphi (NYSE:IPHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

A number of other analysts have also recently weighed in on the stock. Northland Securities cut shares of Inphi from a “market perform” rating to an “under perform” rating in a report on Monday, March 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of Inphi from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Morgan Stanley reduced their target price on shares of Inphi from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. Craig Hallum set a $34.00 target price on shares of Inphi and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, DA Davidson reduced their target price on shares of Inphi from $34.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.93.



Shares of NYSE:IPHI opened at $32.52 on Wednesday. The company has a market cap of $1,332.23, a P/E ratio of 56.07 and a beta of 0.92. Inphi has a 1-year low of $23.65 and a 1-year high of $46.92. The company has a quick ratio of 8.08, a current ratio of 8.61 and a debt-to-equity ratio of 1.02.

Inphi (NYSE:IPHI) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $85.68 million during the quarter, compared to analysts’ expectations of $86.30 million. Inphi had a negative net margin of 21.51% and a positive return on equity of 5.39%. sell-side analysts anticipate that Inphi will post -0.31 EPS for the current year.

In other news, CEO Ford Tamer acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $25.54 per share, with a total value of $638,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sam Srinivasan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $24.93 per share, with a total value of $124,650.00. Following the purchase, the director now directly owns 18,865 shares in the company, valued at approximately $470,304.45. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Inphi by 2.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 201,738 shares of the semiconductor company’s stock worth $7,384,000 after purchasing an additional 5,516 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Inphi by 223.5% during the 3rd quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock valued at $3,076,000 after buying an additional 53,544 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Inphi by 81.8% during the 4th quarter. Macquarie Group Ltd. now owns 84,237 shares of the semiconductor company’s stock valued at $3,083,000 after buying an additional 37,890 shares during the period. Caption Management LLC acquired a new stake in shares of Inphi during the 4th quarter valued at $915,000. Finally, Legal & General Group Plc boosted its stake in shares of Inphi by 25.0% during the 3rd quarter. Legal & General Group Plc now owns 21,462 shares of the semiconductor company’s stock valued at $850,000 after buying an additional 4,297 shares during the period.

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Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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