Inphi (IPHI) Receives New Coverage from Analysts at Citigroup

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Citigroup assumed coverage on shares of Inphi (NYSE:IPHI) in a research report sent to investors on Friday, MarketBeat.com reports. The firm issued a buy rating and a $40.00 price target on the semiconductor company’s stock.

Several other research analysts also recently commented on IPHI. Zacks Investment Research downgraded Inphi from a hold rating to a sell rating in a research note on Tuesday, October 23rd. Barclays reduced their target price on Inphi from $40.00 to $38.00 and set an overweight rating for the company in a research note on Tuesday, October 23rd. Needham & Company LLC reiterated 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 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 Inphi from a strong-buy rating to a buy rating in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Inphi presently has an average rating of Hold and a consensus price target of $36.79.

Shares of NYSE IPHI opened at $34.38 on Friday. The company has a quick ratio of 8.62, a current ratio of 9.27 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 company has a market cap of $1.43 billion, a PE ratio of 59.28, a price-to-earnings-growth ratio of 10.34 and a beta of 1.53.

Inphi (NYSE:IPHI) last issued its earnings results on Thursday, November 1st. The semiconductor company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Inphi had a negative return on equity of 5.28% and a negative net margin of 25.21%. The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $77.93 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts expect that Inphi will post -0.63 EPS for the current year.

In related news, Director Sam Srinivasan sold 3,214 shares of the business’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $39.10, for a total value of $125,667.40. Following the completion of the sale, the director now directly owns 20,795 shares in the company, valued at approximately $813,084.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diosdado P. Banatao sold 29,656 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $39.60, for a total value 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 valued at $1,306,567 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Inphi by 186.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,823 shares during the period. Advisory Services Network LLC bought a new stake in Inphi in the 3rd quarter valued at $115,000. Sei Investments Co. boosted its stake in Inphi by 118.7% in the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 1,932 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Inphi in the 3rd quarter valued at $259,000. Finally, Parametrica Management Ltd bought a new stake in shares of Inphi during the 3rd quarter valued at $357,000.

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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Analyst Recommendations for Inphi (NYSE:IPHI)

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