Inphi (NYSE:IPHI) had its target price hoisted by Morgan Stanley from $42.00 to $45.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley’s target price would suggest a potential upside of 21.85% from the company’s current price.
IPHI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. DA Davidson assumed coverage on shares of Inphi in a research note on Monday, October 16th. They issued a “neutral” rating and a $40.00 target price for the company. Northland Securities reiterated a “hold” rating and issued a $33.00 target price on shares of Inphi in a research note on Friday, September 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Inphi in a research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.00.
Inphi (NYSE IPHI) traded up $0.07 during midday trading on Wednesday, hitting $36.93. 371,900 shares of the company traded hands, compared to its average volume of 943,513. 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 twelve month low of $33.00 and a twelve month high of $51.78. The company has a market capitalization of $1,567.79, a PE ratio of 48.50, a PEG ratio of 3.55 and a beta of 1.01.
In related news, Director Diosdado P. Banatao sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.34, for a total value of $685,780.00. Following the completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at $263,904.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Charles Roach sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $567,000.00. Following the completion of the sale, the vice president now directly owns 93,947 shares of the company’s stock, valued at approximately $3,804,853.50. The disclosure for this sale can be found here. In the last three months, insiders sold 100,238 shares of company stock valued at $4,037,064. 3.60% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Inphi by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after acquiring an additional 5,380,825 shares during the period. Capital Research Global Investors grew its holdings in Inphi by 3.7% during the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after acquiring an additional 180,367 shares during the period. Vanguard Group Inc. grew its holdings in Inphi by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after acquiring an additional 97,957 shares during the period. Ameriprise Financial Inc. grew its holdings in Inphi by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock worth $115,581,000 after acquiring an additional 153,355 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Inphi by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after acquiring an additional 837,600 shares during the period.
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Inphi 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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