Stifel Nicolaus Lowers Inphi (NASDAQ:IPHI) to Hold

Stifel Nicolaus cut shares of Inphi (NASDAQ:IPHI) from a buy rating to a hold rating in a research report sent to investors on Monday morning, AR Network reports. They currently have $182.00 target price on the stock.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley boosted their price objective on Inphi from $159.00 to $169.00 and gave the company an equal weight rating in a report on Monday, December 14th. Zacks Investment Research cut Inphi from a buy rating to a hold rating in a report on Tuesday, January 5th. Rosenblatt Securities dropped their price objective on Inphi from $160.00 to $158.00 and set a buy rating for the company in a report on Friday, October 30th. BidaskClub raised Inphi from a hold rating to a buy rating in a research report on Thursday, December 17th. Finally, ValuEngine lowered Inphi from a buy rating to a hold rating in a research report on Tuesday, December 1st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Inphi has an average rating of Buy and an average price target of $145.93.

Shares of Inphi stock opened at $169.24 on Monday. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of -131.19, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.44 and a current ratio of 1.90. The stock has a 50 day moving average price of $160.99 and a 200-day moving average price of $142.22. Inphi has a one year low of $55.72 and a one year high of $172.61.

Inphi (NASDAQ:IPHI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. Inphi had a positive return on equity of 15.33% and a negative net margin of 10.22%. The company had revenue of $180.69 million during the quarter, compared to analysts’ expectations of $180.59 million. Sell-side analysts predict that Inphi will post 1.29 earnings per share for the current fiscal year.

In other Inphi news, CEO Ford Tamer sold 480,621 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $144.54, for a total transaction of $69,468,959.34. Following the sale, the chief executive officer now owns 493,373 shares in the company, valued at approximately $71,312,133.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Scout Investments Inc. grew its stake in Inphi by 3.6% during the 4th quarter. Scout Investments Inc. now owns 72,180 shares of the company’s stock valued at $11,583,000 after purchasing an additional 2,500 shares during the last quarter. Strs Ohio grew its stake in Inphi by 13.7% during the 3rd quarter. Strs Ohio now owns 10,225 shares of the company’s stock valued at $1,147,000 after purchasing an additional 1,233 shares during the last quarter. Alexandria Capital LLC grew its stake in Inphi by 6.6% during the 3rd quarter. Alexandria Capital LLC now owns 43,627 shares of the company’s stock valued at $4,606,000 after purchasing an additional 2,706 shares during the last quarter. California State Teachers Retirement System grew its stake in Inphi by 2.5% during the 3rd quarter. California State Teachers Retirement System now owns 84,423 shares of the company’s stock valued at $9,476,000 after purchasing an additional 2,032 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Inphi by 3.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 69,300 shares of the company’s stock valued at $7,789,000 after purchasing an additional 2,139 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets in China, the United States, Thailand, and internationally. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption.

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