Inphi (NYSE:IPHI) had its price objective upped by Morgan Stanley from $42.00 to $45.00 in a report released on Wednesday. Morgan Stanley currently has an overweight rating on the semiconductor company’s stock.

A number of other brokerages have also commented on IPHI. Zacks Investment Research raised Inphi from a sell rating to a hold rating in a research note on Wednesday, August 23rd. BidaskClub raised Inphi from a sell rating to a hold rating in a research note on Thursday, October 26th. DA Davidson began coverage on Inphi in a research note on Monday, October 16th. They set a neutral rating and a $40.00 price target on the stock. Northland Securities reissued a hold rating and set a $33.00 price target on shares of Inphi in a research note on Friday, September 15th. Finally, Needham & Company LLC reissued a buy rating and set a $50.00 price target 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 assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $45.00.

Inphi (NYSE:IPHI) traded up $0.25 during trading hours on Wednesday, reaching $36.86. The company had a trading volume of 461,200 shares, compared to its average volume of 945,895. The firm has a market capitalization of $1,557.15, a price-to-earnings ratio of 48.17, a PEG ratio of 3.52 and a beta of 1.01. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi has a fifty-two week low of $33.00 and a fifty-two week high of $51.78.

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

In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the completion of the sale, the director now directly owns 6,542 shares in the company, valued at $266,717.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diosdado P. Banatao sold 5,000 shares of Inphi stock in a transaction that occurred 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 have sold 100,238 shares of company stock valued at $4,037,064 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of IPHI. US Bancorp DE increased its holdings in Inphi by 77.6% in the second quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 2,715 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Inphi by 60.8% during the second quarter. TD Asset Management Inc. now owns 12,700 shares of the semiconductor company’s stock valued at $436,000 after acquiring an additional 4,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Inphi by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 174,801 shares of the semiconductor company’s stock valued at $5,996,000 after acquiring an additional 5,562 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Inphi by 1.4% during the second quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock valued at $1,814,000 after acquiring an additional 742 shares in the last quarter. Finally, Denver Investment Advisors LLC increased its holdings in shares of Inphi by 9.4% during the second quarter. Denver Investment Advisors LLC now owns 12,903 shares of the semiconductor company’s stock valued at $443,000 after acquiring an additional 1,105 shares in the last quarter.

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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.

Analyst Recommendations for Inphi (NYSE:IPHI)

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