ValuEngine Lowers Inphi (IPHI) to Sell
ValuEngine lowered shares of Inphi (NYSE:IPHI) from a hold rating to a sell rating in a research note released on Thursday morning.
A number of other brokerages also recently issued reports on IPHI. Morgan Stanley restated an equal weight rating and issued a $45.00 price target on shares of Inphi in a research report on Friday, January 19th. Jefferies Group set a $50.00 price target on shares of Inphi and gave the stock a buy rating in a research report on Wednesday, October 18th. DA Davidson restated a hold rating and issued a $34.00 price target on shares of Inphi in a research report on Thursday, January 25th. B. Riley downgraded shares of Inphi to a buy rating in a research report on Thursday, December 7th. Finally, BidaskClub downgraded shares of Inphi from a hold rating to a sell rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Inphi has an average rating of Hold and a consensus price target of $39.93.
Inphi (IPHI) opened at $24.51 on Thursday. The stock has a market cap of $1,042.51, a P/E ratio of 49.02, a PEG ratio of 2.76 and a beta of 0.97. Inphi has a 1 year low of $23.65 and a 1 year high of $51.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado bought a new stake in Inphi during the 4th quarter valued at $106,000. Ameritas Investment Partners Inc. increased its stake in Inphi by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares in the last quarter. Zions Bancorporation bought a new stake in Inphi during the 3rd quarter valued at $153,000. Icon Advisers Inc. Co. bought a new stake in Inphi during the 3rd quarter valued at $202,000. Finally, Amalgamated Bank bought a new stake in Inphi during the 3rd quarter valued at $212,000.
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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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