Shares of Inphi Co. (NYSE:IPHI) reached a new 52-week high on Friday . The company traded as high as $45.08 and last traded at $44.35, with a volume of 13490 shares traded. The stock had previously closed at $43.68.

A number of analysts have recently weighed in on IPHI shares. Citigroup started coverage on shares of Inphi in a research report on Friday, January 11th. They set a “buy” rating and a $40.00 price target for the company. ValuEngine downgraded shares of Inphi from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Deutsche Bank lifted their price objective on shares of Inphi from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research raised shares of Inphi from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, February 5th. Finally, Craig Hallum lifted their price objective on shares of Inphi from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.79.

The firm has a market capitalization of $1.97 billion, a P/E ratio of -77.68, a price-to-earnings-growth ratio of 8.68 and a beta of 1.56. The company has a current ratio of 7.93, a quick ratio of 7.42 and a debt-to-equity ratio of 1.22.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $86.53 million during the quarter, compared to the consensus estimate of $86.64 million. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.43%. As a group, research analysts predict that Inphi Co. will post 0.18 earnings per share for the current fiscal year.

In other Inphi news, General Counsel Richard Ogawa sold 1,320 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $43.62, for a total value of $57,578.40. Following the sale, the general counsel now directly owns 55,209 shares in the company, valued at $2,408,216.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ron Torten sold 1,865 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $43.62, for a total value of $81,351.30. Following the completion of the sale, the vice president now owns 66,337 shares in the company, valued at $2,893,619.94. The disclosure for this sale can be found here. Insiders sold 50,564 shares of company stock worth $2,032,315 over the last quarter. 3.40% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc bought a new stake in Inphi in the fourth quarter valued at $58,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Inphi by 28.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 666 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Inphi by 186.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,823 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Inphi during the fourth quarter valued at about $204,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Inphi during the fourth quarter valued at about $217,000.

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About Inphi (NYSE:IPHI)

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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