Inphi (NYSE:IPHI) will be announcing its earnings results after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Shares of Inphi (IPHI) opened at $28.82 on Tuesday. The firm has a market capitalization of $1,230.00, a price-to-earnings ratio of -21.35, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. Inphi has a twelve month low of $28.81 and a twelve month high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02.
A number of equities research analysts have weighed in on IPHI shares. Zacks Investment Research raised Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Cowen reaffirmed a “buy” rating and issued a $45.00 target price on shares of Inphi in a report on Wednesday, November 1st. Morgan Stanley raised their target price on Inphi from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. B. Riley raised their target price on Inphi from $42.50 to $48.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, BidaskClub raised Inphi from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $43.25.
In related news, Director Diosdado P. Banatao sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total transaction of $202,750.00. Following the completion of the transaction, the director now directly owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total value of $1,118,320.00. Following the transaction, the vice president now directly owns 93,947 shares of the company’s stock, valued at $3,752,243.18. 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. 3.60% of the stock is currently owned by company insiders.
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.
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