Inphi Corporation (NYSE:IPHI) Director Diosdado P. Banatao sold 17,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $40.34, for a total transaction of $685,780.00. Following the completion of the sale, the director now directly owns 6,542 shares in the company, valued at approximately $263,904.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Inphi Corporation (NYSE IPHI) opened at $41.21 on Monday. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,752.83, a PE ratio of 54.22, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. Inphi Corporation has a twelve month low of $33.00 and a twelve month high of $51.78.
Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.27. The business had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. sell-side analysts predict that Inphi Corporation will post 0.51 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on IPHI shares. BidaskClub raised shares of Inphi from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Northland Securities reissued a “hold” rating and set a $33.00 price target on shares of Inphi in a research report on Friday, September 15th. B. Riley reissued a “buy” rating and set a $48.00 price target (up from $42.50) on shares of Inphi in a research report on Thursday, November 2nd. Finally, Jefferies Group set a $50.00 price target on shares of Inphi and gave the company a “buy” rating in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.50.
TRADEMARK VIOLATION WARNING: This article was originally published by Week Herald and is the property of of Week Herald. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://weekherald.com/2017/12/04/inphi-corporation-iphi-director-diosdado-p-banatao-sells-17000-shares-of-stock.html.
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.
Receive News & Ratings for Inphi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi Corporation and related companies with MarketBeat.com's FREE daily email newsletter.