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 “
Several other equities research analysts have also issued reports on IPHI. JPMorgan Chase & Co. reduced their price objective on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a research note on Wednesday, May 1st. DA Davidson reduced their price objective on shares of Inphi to $52.00 and set a buy rating for the company in a research note on Tuesday, May 21st. Craig Hallum reduced their price objective on shares of Husky Energy from C$21.00 to C$18.00 and set a neutral rating for the company in a research note on Monday, July 8th. Needham & Company LLC reaffirmed a buy rating and issued a $10.00 price objective (down previously from $15.00) on shares of Nabriva Therapeutics in a research note on Wednesday, May 1st. Finally, Northland Securities set a $68.00 price objective on shares of Lumentum and gave the company a buy rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $45.21.
Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. The business had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $80.97 million. During the same period in the previous year, the company posted ($0.05) EPS. Inphi’s revenue was up 36.8% on a year-over-year basis. As a group, equities analysts expect that Inphi will post -0.12 earnings per share for the current fiscal year.
In other Inphi news, CFO John Edmunds sold 10,141 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $50.00, for a total transaction of $507,050.00. Following the completion of the transaction, the chief financial officer now owns 255,283 shares of the company’s stock, valued at approximately $12,764,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ron Torten sold 3,597 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $47.94, for a total transaction of $172,440.18. Following the transaction, the vice president now directly owns 62,372 shares of the company’s stock, valued at approximately $2,990,113.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,059 shares of company stock valued at $3,600,036. Company insiders own 3.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Scout Investments Inc. increased its stake in Inphi by 65.8% in the second quarter. Scout Investments Inc. now owns 116,105 shares of the semiconductor company’s stock valued at $5,817,000 after acquiring an additional 46,080 shares during the period. Zions Bancorporation N.A. increased its stake in 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. Cortina Asset Management LLC increased its stake in Inphi by 2.0% in the second quarter. Cortina Asset Management LLC now owns 162,957 shares of the semiconductor company’s stock valued at $8,164,000 after acquiring an additional 3,193 shares during the period. First Trust Advisors LP increased its stake in Inphi by 26.4% in the first quarter. First Trust Advisors LP now owns 46,998 shares of the semiconductor company’s stock valued at $2,056,000 after acquiring an additional 9,812 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Inphi in the first quarter valued at about $30,000.
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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