Inphi (NYSE:IPHI) PT Set at $34.00 by Craig Hallum

Inphi (NYSE:IPHI) received a $34.00 price objective from research analysts at Craig Hallum in a note issued to investors on Thursday, February 8th. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target suggests a potential upside of 36.11% from the stock’s previous close.

A number of other research firms have also weighed in on IPHI. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Inphi in a research report on Tuesday, November 14th. B. Riley reissued a “buy” rating and set a $48.00 target price (up previously from $42.50) on shares of Inphi in a research report on Thursday, November 2nd. Cowen reissued a “buy” rating and set a $45.00 target price on shares of Inphi in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Rosenblatt Securities lowered shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Inphi has an average rating of “Hold” and an average price target of $39.93.

Inphi (IPHI) traded down $0.17 during mid-day trading on Thursday, hitting $24.98. 129,555 shares of the company traded hands, compared to its average volume of 1,206,732. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20. Inphi has a 1-year low of $23.65 and a 1-year high of $51.78. The firm has a market cap of $1,070.00, a price-to-earnings ratio of -12.33 and a beta of 0.97.

In other news, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the transaction, the vice president now directly owns 93,947 shares in the company, valued at $3,783,245.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 28,298 shares of company stock worth $1,138,857 over the last quarter. 3.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in IPHI. Epoch Investment Partners Inc. acquired a new position in Inphi in the third quarter valued at approximately $21,852,000. Quentec Asset Management LLC lifted its holdings in Inphi by 145.8% in the third quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after buying an additional 265,837 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Inphi by 229.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock valued at $13,389,000 after buying an additional 254,835 shares during the period. TCW Group Inc. lifted its holdings in Inphi by 51.3% in the fourth quarter. TCW Group Inc. now owns 673,410 shares of the semiconductor company’s stock valued at $24,647,000 after buying an additional 228,371 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in Inphi by 60.7% in the third quarter. Westfield Capital Management Co. LP now owns 557,240 shares of the semiconductor company’s stock valued at $22,117,000 after buying an additional 210,380 shares during the period.

COPYRIGHT VIOLATION WARNING: “Inphi (NYSE:IPHI) PT Set at $34.00 by Craig Hallum” was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://weekherald.com/2018/02/15/inphi-iphi-given-a-34-00-price-target-at-craig-hallum.html.

About Inphi

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.

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.

Leave a Reply