Zacks Investment Research Downgrades Inphi (NYSE:IPHI) to Hold

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Zacks Investment Research downgraded shares of Inphi (NYSE:IPHI) from a buy rating to a hold rating in a research note issued to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

Other equities analysts also recently issued research reports about the stock. B. Riley increased their price target on shares of Inphi from $45.00 to $51.00 and gave the company a neutral rating in a report on Friday, August 2nd. Bank of America set a $68.00 price target on shares of Inphi and gave the company a buy rating in a report on Monday, July 15th. Needham & Company LLC increased their price target on shares of Inphi from $40.00 to $54.00 and gave the company a buy rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. reiterated an overweight rating and issued a $55.00 price target (up previously from $46.00) on shares of Inphi in a report on Wednesday, May 1st. Finally, Cowen increased their price target on shares of Inphi from $53.00 to $69.00 and gave the company an outperform rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $57.00.

IPHI stock opened at $63.75 on Friday. Inphi has a one year low of $29.56 and a one year high of $66.56. The firm has a market cap of $2.93 billion, a PE ratio of -111.84 and a beta of 1.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 7.69 and a quick ratio of 7.06. The stock has a fifty day moving average price of $58.60.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.43. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. Equities research analysts forecast that Inphi will post -0.11 earnings per share for the current year.

In other Inphi news, VP Charles Roach sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.80, for a total transaction of $129,600.00. Following the completion of the transaction, the vice president now directly owns 109,206 shares in the company, valued at approximately $7,076,548.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Edmunds sold 10,141 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $50.00, for a total transaction of $507,050.00. Following the transaction, the chief financial officer now owns 255,283 shares of the company’s stock, valued at $12,764,150. The disclosure for this sale can be found here. Insiders have sold a total of 22,141 shares of company stock valued at $1,178,475 over the last 90 days. 3.30% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Zions Bancorporation N.A. boosted its stake in shares of Inphi by 6.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 256 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Inphi by 1.1% during the 1st quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock worth $2,591,000 after purchasing an additional 667 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Inphi by 4.1% during the 4th quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock worth $571,000 after purchasing an additional 693 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Inphi during the 1st quarter worth about $30,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Inphi by 4.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock worth $987,000 after purchasing an additional 780 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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