Morgan Stanley reaffirmed their equal weight rating on shares of Inphi (NYSE:IPHI) in a research report sent to investors on Friday, MarketBeat reports. The firm currently has a $45.00 price objective on the semiconductor company’s stock.

IPHI has been the topic of several other research reports. DA Davidson assumed coverage on Inphi in a report on Monday, October 16th. They set a neutral rating and a $40.00 target price on the stock. BidaskClub upgraded Inphi from a sell rating to a hold rating in a report on Thursday, October 26th. Zacks Investment Research lowered Inphi from a hold rating to a sell rating in a report on Wednesday, January 3rd. Needham & Company LLC reiterated a buy rating and set a $50.00 target price on shares of Inphi in a report on Tuesday, November 14th. Finally, Rosenblatt Securities lowered Inphi from a buy rating to a neutral rating and set a $46.00 target price on the stock. in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $44.29.

Shares of Inphi (IPHI) opened at $32.07 on Friday. Inphi has a twelve month low of $31.97 and a twelve month high of $51.78. The stock has a market capitalization of $1,360.00, a PE ratio of -23.76, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.

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

In other news, VP Charles Roach sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $40.50, for a total value of $567,000.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at $3,804,853.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diosdado P. Banatao sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the transaction, the director now directly owns 6,542 shares in the company, valued at approximately $265,278.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,298 shares of company stock worth $4,038,867. Company insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of IPHI. FMR LLC grew its position in shares of Inphi by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Inphi in the third quarter valued at approximately $21,852,000. Quentec Asset Management LLC grew its position in shares of Inphi by 145.8% in the third quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after purchasing an additional 265,837 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Inphi by 60.7% in the third quarter. Westfield Capital Management Co. LP now owns 557,240 shares of the semiconductor company’s stock valued at $22,117,000 after purchasing an additional 210,380 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its position in shares of Inphi by 34.7% in the second quarter. Zevenbergen Capital Investments LLC now owns 792,885 shares of the semiconductor company’s stock valued at $27,196,000 after purchasing an additional 204,075 shares during 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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