Inphi (NYSE:IPHI) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Inphi (NYSE:IPHI) from a hold rating to a sell rating in a report published on Tuesday, Zacks.com reports.

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 “

Other research analysts have also recently issued reports about the company. Northland Securities set a $68.00 price target on Lumentum and gave the company a buy rating in a research report on Monday, May 20th. Bank of America upgraded Esperion Therapeutics from an underperform rating to a neutral rating in a research report on Monday, May 6th. JPMorgan Chase & Co. reduced their price target on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a research report on Wednesday, May 1st. Needham & Company LLC reissued a buy rating and issued a $10.00 price objective (down from $15.00) on shares of Nabriva Therapeutics in a report on Wednesday, May 1st. Finally, DA Davidson dropped their price objective on Inphi to $52.00 and set a buy rating on the stock in a report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $50.88.



Shares of IPHI stock opened at $59.82 on Tuesday. The firm’s 50 day moving average is $50.49. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.13 and a quick ratio of 7.64. Inphi has a twelve month low of $29.56 and a twelve month high of $61.09.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $82.20 million during the quarter, compared to analysts’ expectations of $80.97 million. Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. Inphi’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share. As a group, equities analysts predict that Inphi will post -0.12 earnings per share for the current year.

In other Inphi news, Director Diosdado P. Banatao sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $44.65, for a total value of $66,975.00. Following the sale, the director now directly owns 4,020 shares of the company’s stock, valued at $179,493. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Ruehle sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $43.34, for a total value of $108,350.00. Following the completion of the sale, the director now directly owns 6,311 shares in the company, valued at $273,518.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,520 shares of company stock worth $3,286,527. 3.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in shares of Inphi in the first quarter worth approximately $30,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Inphi in the fourth quarter worth approximately $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Inphi during the first quarter worth approximately $65,000. Marshall Wace LLP purchased a new position in Inphi during the first quarter worth approximately $70,000. Finally, Cerebellum GP LLC purchased a new position in Inphi during the second quarter worth approximately $85,000.

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.

See Also: Buy-Side Analysts

Get a free copy of the Zacks research report on Inphi (IPHI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Inphi (NYSE:IPHI)

Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.