Inphi Corporation (IPHI) Stock Rating Reaffirmed by Rosenblatt Securities

Inphi Corporation (NYSE:IPHI)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research note issued on Wednesday, June 28th. They currently have a $41.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 8.78% from the stock’s current price.

Several other analysts also recently commented on the stock. BidaskClub downgraded shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. B. Riley restated a “buy” rating and set a $48.25 target price on shares of Inphi Corporation in a report on Monday, May 8th. TheStreet downgraded shares of Inphi Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC lowered their price objective on shares of Inphi Corporation from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Inphi Corporation has an average rating of “Buy” and an average target price of $49.47.

Inphi Corporation (IPHI) opened at 37.69 on Wednesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 18.75 and a beta of 1.14. The company’s 50-day moving average is $38.24 and its 200-day moving average is $43.70. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78.

Inphi Corporation (NYSE:IPHI) last announced its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $93.58 million for the quarter, compared to the consensus estimate of $93.49 million. Inphi Corporation had a net margin of 28.77% and a return on equity of 11.23%. Equities analysts anticipate that Inphi Corporation will post $1.63 earnings per share for the current year.

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In related news, General Counsel Richard Ogawa sold 1,312 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $46.38, for a total value of $60,850.56. Following the completion of the transaction, the general counsel now directly owns 53,811 shares of the company’s stock, valued at $2,495,754.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ron Torten sold 956 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $46.38, for a total transaction of $44,339.28. Following the completion of the transaction, the vice president now directly owns 60,374 shares of the company’s stock, valued at $2,800,146.12. The disclosure for this sale can be found here. Insiders sold 3,702 shares of company stock valued at $168,458 over the last three months. 4.22% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in IPHI. BlackRock Inc. boosted its position in Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares during the period. Pictet Asset Management Ltd. bought a new position in Inphi Corporation during the first quarter worth approximately $19,816,000. Garelick Capital Partners LP bought a new position in Inphi Corporation during the first quarter worth approximately $19,477,000. Clearbridge Investments LLC bought a new position in Inphi Corporation during the first quarter worth approximately $18,202,000. Finally, Bank of New York Mellon Corp boosted its position in Inphi Corporation by 51.1% in the first quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 369,338 shares during the period.

About Inphi Corporation

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 Corporation (NYSE:IPHI)

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