Inphi (NYSE:IPHI) had its price target reduced by investment analysts at DA Davidson to $52.00 in a research report issued to clients and investors on Tuesday, May 21st, The Fly reports. The firm currently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s target price points to a potential upside of 15.56% from the company’s current price. DA Davidson also issued estimates for Inphi’s Q2 2019 earnings at ($0.16) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at $0.01 EPS, FY2019 earnings at ($0.33) EPS, Q1 2020 earnings at ($0.07) EPS, Q2 2020 earnings at ($0.02) EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.28 EPS and FY2020 earnings at $0.38 EPS.
IPHI has been the subject of a number of other research reports. Citigroup reiterated a “buy” rating and issued a $45.00 price target on shares of Inphi in a report on Wednesday, January 30th. Craig Hallum reiterated a “buy” rating and issued a $58.00 price target (up previously from $48.00) on shares of Inphi in a report on Wednesday, May 1st. Deutsche Bank boosted their price target on Inphi from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research lowered Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, ValuEngine upgraded Inphi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Inphi currently has a consensus rating of “Buy” and an average target price of $44.46.
Shares of NYSE:IPHI opened at $45.00 on Tuesday. Inphi has a 1 year low of $29.56 and a 1 year high of $51.83. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -78.95 and a beta of 1.50. The company has a quick ratio of 7.64, a current ratio of 8.13 and a debt-to-equity ratio of 1.25.
Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). The business had revenue of $82.20 million during the quarter, compared to analyst estimates of $80.97 million. Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts anticipate that Inphi will post -0.07 EPS for the current fiscal year.
In other news, VP Ron Torten sold 1,247 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.00, for a total transaction of $56,115.00. Following the transaction, the vice president now directly owns 65,090 shares of the company’s stock, valued at $2,929,050. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William J. Ruehle sold 2,500 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $43.34, for a total value of $108,350.00. Following the transaction, 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 ninety days, insiders have sold 66,573 shares of company stock worth $3,167,316. Insiders own 3.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Inphi by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 666 shares during the last quarter. Rhumbline Advisers boosted its holdings in Inphi by 1.1% in the first quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock valued at $2,591,000 after purchasing an additional 667 shares during the last quarter. Legal & General Group Plc boosted its holdings in Inphi by 4.1% in the fourth quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock valued at $571,000 after purchasing an additional 693 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Inphi in the first quarter valued at $30,000. Finally, Gagnon Securities LLC boosted its holdings in Inphi by 6.2% in the first quarter. Gagnon Securities LLC now owns 16,012 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 941 shares during the last quarter.
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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