Inphi (IPHI) Downgraded by B. Riley to “Buy”

B. Riley lowered shares of Inphi (NYSE:IPHI) to a buy rating in a research report report published on Thursday morning.

Other equities analysts also recently issued research reports about the company. Rosenblatt Securities downgraded Inphi from a buy rating to a neutral rating and set a $46.00 target price on the stock. in a research report on Thursday. BidaskClub raised Inphi from a hold rating to a buy rating in a research report on Thursday, August 31st. Northland Securities reissued a hold rating and set a $33.00 target price on shares of Inphi in a research report on Friday, September 15th. Zacks Investment Research raised Inphi from a sell rating to a hold rating in a research report on Friday, September 15th. Finally, Jefferies Group reaffirmed a buy rating and issued a $50.00 price objective (down previously from $53.00) on shares of Inphi in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Inphi presently has an average rating of Buy and a consensus target price of $44.92.

Inphi (IPHI) traded down $0.97 during midday trading on Thursday, hitting $36.87. The stock had a trading volume of 982,400 shares, compared to its average volume of 952,029. The company has a market cap of $1,655.41, a P/E ratio of 51.21, a P/E/G ratio of 3.75 and a beta of 1.01. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. Inphi has a 52-week low of $33.00 and a 52-week high of $51.78.

Inphi (NYSE:IPHI) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. The firm had revenue of $84.50 million for the quarter, compared to the consensus estimate of $84.30 million. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. research analysts expect that Inphi will post 0.51 EPS for the current fiscal year.

In other Inphi news, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total value of $1,118,320.00. Following the completion of the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,752,243.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Diosdado P. Banatao sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at $265,278.10. The disclosure for this sale can be found here. Insiders sold a total of 100,238 shares of company stock worth $4,037,064 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of IPHI. US Bancorp DE lifted its holdings in shares of Inphi by 77.6% in the 2nd quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock worth $213,000 after buying an additional 2,715 shares during the period. TD Asset Management Inc. lifted its stake in shares of Inphi by 60.8% during the 2nd quarter. TD Asset Management Inc. now owns 12,700 shares of the semiconductor company’s stock worth $436,000 after purchasing an additional 4,800 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Inphi by 45.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 592,237 shares of the semiconductor company’s stock worth $23,500,000 after purchasing an additional 186,348 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Inphi by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,801 shares of the semiconductor company’s stock worth $5,996,000 after purchasing an additional 5,562 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Inphi by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock worth $1,814,000 after purchasing an additional 742 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This report was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://stocknewstimes.com/2017/12/08/inphi-iphi-downgraded-by-b-riley-to-buy.html.

About Inphi

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 (NYSE:IPHI)

Receive News & Ratings for Inphi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply