News coverage about Inphi Corporation (NYSE:IPHI) has trended somewhat positive on Friday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inphi Corporation earned a news impact score of 0.24 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.7514246671747 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Inphi Corporation (IPHI) traded up $0.19 during midday trading on Friday, reaching $40.86. 528,533 shares of the company’s stock traded hands, compared to its average volume of 977,478. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.71 and a current ratio of 7.20. Inphi Corporation has a 1 year low of $33.00 and a 1 year high of $51.78. The firm has a market cap of $1,730.00, a PE ratio of 53.67, a P/E/G ratio of 3.75 and a beta of 1.04.
Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. Inphi Corporation had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was up 19.4% on a year-over-year basis. analysts expect that Inphi Corporation will post 0.51 EPS for the current year.
IPHI has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target (down previously from $53.00) on shares of Inphi Corporation in a report on Wednesday, August 9th. Roth Capital dropped their price objective on shares of Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. B. Riley reissued a “buy” rating and issued a $45.00 price objective on shares of Inphi Corporation in a research note on Monday, August 7th. Deutsche Bank AG dropped their price objective on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Finally, Craig Hallum reissued a “buy” rating and issued a $44.00 price objective (down previously from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $44.50.
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In other news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following the completion of the sale, the director now directly owns 6,542 shares in the company, valued at $265,278.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
Inphi Corporation Company Profile
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.
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