Shares of Inphi Co. (NYSE:IPHI) traded down 9.2% on Thursday . The stock traded as low as $34.71 and last traded at $35.83. 1,029,874 shares were traded during trading, an increase of 39% from the average session volume of 739,044 shares. The stock had previously closed at $39.48.

A number of analysts have recently commented on IPHI shares. Zacks Investment Research downgraded Inphi from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Inphi from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Inphi in a research note on Friday, November 2nd. Finally, Barclays dropped their price objective on Inphi from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.50.

The company has a quick ratio of 8.62, a current ratio of 9.27 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.58 billion, a P/E ratio of 61.14 and a beta of 1.39.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $78.00 million for the quarter, compared to the consensus estimate of $77.93 million. Inphi had a negative return on equity of 5.28% and a negative net margin of 25.21%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. On average, sell-side analysts anticipate that Inphi Co. will post -0.63 earnings per share for the current year.

In related news, Director Diosdado P. Banatao sold 29,656 shares of Inphi stock in a transaction on Friday, November 30th. The stock was sold at an average price of $39.60, for a total value of $1,174,377.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sam Srinivasan sold 3,214 shares of Inphi stock in a transaction on Monday, November 26th. The stock was sold at an average price of $39.10, for a total value of $125,667.40. Following the completion of the transaction, the director now owns 20,795 shares in the company, valued at $813,084.50. The disclosure for this sale can be found here. Insiders sold a total of 33,262 shares of company stock worth $1,314,207 over the last 90 days. Insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Inphi by 186.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,823 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Inphi in the 3rd quarter worth $115,000. Sei Investments Co. grew its holdings in shares of Inphi by 118.7% in the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 1,932 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Inphi in the 2nd quarter worth $216,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Inphi in the 3rd quarter worth $259,000.

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Inphi Company Profile (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.

Further Reading: Average Daily Trade Volume Explained

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