Inphi Co. (NYSE:IPHI) – Research analysts at DA Davidson lifted their FY2018 earnings per share estimates for Inphi in a research note issued on Monday, January 28th. DA Davidson analyst M. Kelleher now anticipates that the semiconductor company will post earnings per share of ($0.63) for the year, up from their previous estimate of ($0.65). DA Davidson has a “Buy” rating and a $45.00 price objective on the stock. DA Davidson also issued estimates for Inphi’s Q1 2019 earnings at ($0.12) EPS and Q2 2019 earnings at ($0.01) EPS.
Get Inphi alerts:A number of other equities analysts also recently commented on IPHI. Zacks Investment Research downgraded shares of Inphi from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Barclays reduced their target price on shares of Inphi from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Inphi in a research note on Friday, November 2nd. JPMorgan Chase & Co. lifted their target price on shares of Inphi from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, ValuEngine downgraded shares of Inphi from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.46.
Shares of IPHI stock opened at $39.97 on Thursday. The company has a current ratio of 9.27, a quick ratio of 8.62 and a debt-to-equity ratio of 1.17. Inphi has a 12 month low of $23.65 and a 12 month high of $42.34. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -70.12, a PEG ratio of 13.63 and a beta of 1.53.
Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.36%. The company had revenue of $86.53 million for the quarter, compared to the consensus estimate of $86.64 million.
In related news, Director Sam Srinivasan sold 3,214 shares of Inphi stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $39.10, for a total value of $125,667.40. Following the completion of the transaction, the director now owns 20,795 shares in the company, valued at $813,084.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diosdado P. Banatao sold 29,656 shares of Inphi stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $39.60, for a total transaction of $1,174,377.60. The disclosure for this sale can be found here. Insiders sold a total of 33,073 shares of company stock worth $1,306,567 over the last three months. Insiders own 3.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in IPHI. Northern Trust Corp grew its holdings in shares of Inphi by 5.5% in the second quarter. Northern Trust Corp now owns 532,633 shares of the semiconductor company’s stock valued at $17,369,000 after purchasing an additional 27,929 shares in the last quarter. United Services Automobile Association grew its holdings in shares of Inphi by 30.8% in the second quarter. United Services Automobile Association now owns 59,328 shares of the semiconductor company’s stock valued at $1,935,000 after purchasing an additional 13,977 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of Inphi in the third quarter valued at approximately $1,584,000. First Trust Advisors LP grew its holdings in shares of Inphi by 13.0% in the third quarter. First Trust Advisors LP now owns 21,629 shares of the semiconductor company’s stock valued at $821,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Inphi in the third quarter valued at approximately $115,000.
About Inphi
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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