Brokerages Set Inphi Co. (NYSE:IPHI) PT at $107.82

Inphi Co. (NYSE:IPHI) has been given a consensus recommendation of “Buy” by the sixteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $107.82.

Several research firms have recently weighed in on IPHI. Stifel Nicolaus increased their price objective on Inphi from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. ValuEngine cut Inphi from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Needham & Company LLC increased their price objective on Inphi from $100.00 to $122.50 and gave the company a “buy” rating in a research report on Friday, May 8th. Deutsche Bank increased their price objective on Inphi from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Barclays increased their price objective on Inphi from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, June 15th.

In other Inphi news, VP Ron Torten sold 9,174 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $96.17, for a total transaction of $882,263.58. Following the completion of the transaction, the vice president now directly owns 65,905 shares in the company, valued at $6,338,083.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard Ogawa sold 7,138 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $96.15, for a total value of $686,318.70. Following the transaction, the general counsel now owns 57,229 shares of the company’s stock, valued at $5,502,568.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,821 shares of company stock valued at $16,366,315. 2.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Hancock Whitney Corp raised its stake in Inphi by 37.9% during the first quarter. Hancock Whitney Corp now owns 9,530 shares of the semiconductor company’s stock worth $754,000 after acquiring an additional 2,618 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Inphi by 65.4% in the fourth quarter. Macquarie Group Ltd. now owns 50,605 shares of the semiconductor company’s stock valued at $3,746,000 after buying an additional 20,002 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Inphi in the fourth quarter valued at $244,000. Janney Montgomery Scott LLC acquired a new stake in shares of Inphi in the first quarter valued at $2,808,000. Finally, Cipher Capital LP acquired a new stake in shares of Inphi in the fourth quarter valued at $1,457,000.

IPHI stock traded up $6.55 during midday trading on Friday, hitting $117.18. 26,274 shares of the company traded hands, compared to its average volume of 1,494,158. Inphi has a twelve month low of $51.52 and a twelve month high of $127.79. The company has a quick ratio of 0.98, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. The business has a 50 day simple moving average of $114.06 and a 200-day simple moving average of $89.34. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of -75.15, a price-to-earnings-growth ratio of 4.26 and a beta of 1.39.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Inphi had a positive return on equity of 3.50% and a negative net margin of 16.66%. The company had revenue of $139.40 million for the quarter, compared to the consensus estimate of $138.79 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 70.0% compared to the same quarter last year. Equities research analysts forecast that Inphi will post 0.71 EPS for the current year.

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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