Inphi (NYSE:IPHI) had its price objective lowered by stock analysts at Barclays from $40.00 to $38.00 in a research note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays’ price target suggests a potential upside of 18.05% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Inphi from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Loop Capital initiated coverage on shares of Inphi in a research report on Wednesday, July 25th. They issued a “buy” rating and a $43.00 target price for the company. Needham & Company LLC raised their price objective on shares of Inphi from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. DA Davidson raised their price objective on shares of Inphi to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, B. Riley raised their price objective on shares of Inphi from $36.00 to $36.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Inphi has an average rating of “Hold” and an average price target of $37.21.

Shares of NYSE IPHI traded down $1.07 during mid-day trading on Tuesday, reaching $32.19. The company’s stock had a trading volume of 2,182 shares, compared to its average volume of 636,793. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 55.52 and a beta of 1.14. The company has a quick ratio of 6.90, a current ratio of 7.42 and a debt-to-equity ratio of 1.14. Inphi has a 1-year low of $23.65 and a 1-year high of $44.32.

Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, July 24th. The semiconductor company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.38. The business had revenue of $69.81 million during the quarter, compared to analysts’ expectations of $69.28 million. Inphi had a negative net margin of 33.36% and a negative return on equity of 3.51%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that Inphi will post -0.64 EPS for the current year.

In other Inphi news, VP Ron Torten sold 12,342 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $35.00, for a total transaction of $431,970.00. Following the completion of the transaction, the vice president now owns 64,386 shares of the company’s stock, valued at $2,253,510. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 12,694 shares of company stock valued at $444,709. 3.40% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of Inphi by 0.4% in the first quarter. Northern Trust Corp now owns 504,704 shares of the semiconductor company’s stock valued at $15,191,000 after purchasing an additional 2,025 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Inphi by 18.1% in the first quarter. New York State Common Retirement Fund now owns 54,574 shares of the semiconductor company’s stock valued at $1,643,000 after purchasing an additional 8,374 shares during the period. California Public Employees Retirement System boosted its stake in shares of Inphi by 473.3% in the first quarter. California Public Employees Retirement System now owns 41,063 shares of the semiconductor company’s stock valued at $1,236,000 after purchasing an additional 33,900 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Inphi by 40.6% in the first quarter. Dimensional Fund Advisors LP now owns 291,984 shares of the semiconductor company’s stock valued at $8,789,000 after purchasing an additional 84,307 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Inphi by 65.8% in the first quarter. Guggenheim Capital LLC now owns 21,389 shares of the semiconductor company’s stock valued at $644,000 after purchasing an additional 8,491 shares during the period.

Inphi Company Profile

Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. 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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