Inphi (NYSE:IPHI) had its price target raised by Barclays from $50.00 to $65.00 in a report released on Thursday, The Fly reports. They currently have an overweight rating on the semiconductor company’s stock.

IPHI has been the subject of several other research reports. JPMorgan Chase & Co. cut their price objective on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a report on Wednesday, May 1st. Bank of America set a $68.00 price objective on Inphi and gave the stock a buy rating in a report on Monday, July 15th. Needham & Company LLC reaffirmed a buy rating and issued a $10.00 price objective (down previously from $15.00) on shares of Nabriva Therapeutics in a report on Wednesday, May 1st. Craig Hallum cut their price objective on Husky Energy from C$21.00 to C$18.00 and set a neutral rating for the company in a report on Monday, July 8th. Finally, Zacks Investment Research raised Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Inphi presently has a consensus rating of Buy and a consensus price target of $50.88.

Shares of IPHI opened at $59.82 on Thursday. The company has a quick ratio of 7.64, a current ratio of 8.13 and a debt-to-equity ratio of 1.25. Inphi has a one year low of $29.56 and a one year high of $61.09. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -104.95 and a beta of 1.53. The business has a fifty day moving average price of $50.49.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The company had revenue of $82.20 million during the quarter, compared to analyst estimates of $80.97 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Inphi’s revenue was up 36.8% compared to the same quarter last year. On average, research analysts anticipate that Inphi will post -0.12 earnings per share for the current fiscal year.

In other Inphi news, Director William J. Ruehle sold 2,500 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $43.34, for a total transaction of $108,350.00. Following the completion of the sale, the director now owns 6,311 shares of the company’s stock, valued at $273,518.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard Ogawa sold 8,150 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $46.95, for a total value of $382,642.50. Following the sale, the general counsel now directly owns 40,653 shares of the company’s stock, valued at approximately $1,908,658.35. The disclosure for this sale can be found here. Insiders have sold 68,520 shares of company stock valued at $3,286,527 in the last three months. 3.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in IPHI. Victory Capital Management Inc. purchased a new position in shares of Inphi in the first quarter valued at about $48,565,000. Jennison Associates LLC lifted its position in shares of Inphi by 265.8% in the first quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock valued at $22,545,000 after acquiring an additional 374,522 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Inphi in the fourth quarter valued at about $5,552,000. D. E. Shaw & Co. Inc. lifted its position in shares of Inphi by 1,032.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 131,758 shares of the semiconductor company’s stock valued at $4,236,000 after acquiring an additional 120,124 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Inphi by 27.7% in the first quarter. Stephens Investment Management Group LLC now owns 248,994 shares of the semiconductor company’s stock valued at $10,891,000 after acquiring an additional 54,080 shares in the last quarter.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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Analyst Recommendations for Inphi (NYSE:IPHI)

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