Inphi (IPHI) Earns Buy Rating from Analysts at Citigroup

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Citigroup began coverage on shares of Inphi (NYSE:IPHI) in a research note released on Friday, Marketbeat reports. The firm issued a buy rating and a $40.00 price objective on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on IPHI. Zacks Investment Research cut Inphi from a hold rating to a sell rating in a report on Tuesday, October 23rd. Barclays reduced their target price on Inphi from $40.00 to $38.00 and set an overweight rating on the stock in a report on Tuesday, October 23rd. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Inphi in a report on Friday, November 2nd. JPMorgan Chase & Co. raised their target price on Inphi from $44.00 to $46.00 and gave the stock an overweight rating in a report on Friday, November 2nd. Finally, ValuEngine cut Inphi from a strong-buy rating to a buy rating in a report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Inphi has a consensus rating of Hold and a consensus target price of $36.79.

Inphi stock opened at $34.38 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 59.28, a PEG ratio of 10.34 and a beta of 1.53. Inphi has a 12-month low of $23.65 and a 12-month high of $42.34. The company has a current ratio of 9.27, a quick ratio of 8.62 and a debt-to-equity ratio of 1.17.

Inphi (NYSE:IPHI) last issued its earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $77.93 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts predict that Inphi will post -0.63 earnings per share for the current fiscal year.

In other news, Director Sam Srinivasan sold 3,214 shares of Inphi stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $39.10, for a total transaction of $125,667.40. Following the transaction, the director now owns 20,795 shares in the company, valued at approximately $813,084.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diosdado P. Banatao sold 29,656 shares of Inphi stock in a transaction dated 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 have sold a total of 33,073 shares of company stock worth $1,306,567 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its position in Inphi by 6.9% in the 3rd quarter. Vanguard Group Inc now owns 3,764,587 shares of the semiconductor company’s stock valued at $142,980,000 after buying an additional 241,346 shares during the last quarter. Vanguard Group Inc. raised its position in Inphi by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,764,587 shares of the semiconductor company’s stock valued at $142,980,000 after buying an additional 241,346 shares during the last quarter. Legal & General Group Plc raised its position in Inphi by 24.9% in the 3rd quarter. Legal & General Group Plc now owns 17,049 shares of the semiconductor company’s stock valued at $648,000 after buying an additional 3,396 shares during the last quarter. Teachers Advisors LLC raised its position in Inphi by 2.3% in the 3rd quarter. Teachers Advisors LLC now owns 83,064 shares of the semiconductor company’s stock valued at $3,155,000 after buying an additional 1,838 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its position in Inphi by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 30,091 shares of the semiconductor company’s stock valued at $1,143,000 after buying an additional 10,667 shares during the last quarter.

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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