Zacks Investment Research cut shares of Inphi (NYSE:IPHI) from a buy rating to a hold rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “Inphi Corporation operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. Its solutions provides interface between analog signals and digital information in high-performance systems such as telecommunications transport systems, enterprise networking equipment, datacenter and enterprise servers, storage platforms, test and measurement equipment and military systems. The Company’s products are designed into systems sold by OEMs, including Agilent Technologies, Inc., Alcatel-Lucent, Cisco Systems, Inc., Danaher Corporation, Dell Inc., EMC Corporation, Hewlett-Packard Company, Huawei, International Business Machines Corporation and Oracle Corporation. Inphi Corporation is headquartered in Santa Clara, California “

IPHI has been the topic of a number of other research reports. Cowen lifted their price objective on shares of Inphi from $53.00 to $69.00 and gave the company an outperform rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Inphi from $45.00 to $60.00 and gave the stock an equal weight rating in a research note on Friday, August 2nd. DA Davidson dropped their price target on shares of Inphi to $52.00 and set a buy rating for the company in a research note on Tuesday, May 21st. JPMorgan Chase & Co. restated an overweight rating and issued a $55.00 price target (up previously from $46.00) on shares of Inphi in a research note on Wednesday, May 1st. Finally, Northland Securities set a $30.00 price target on shares of Inphi and gave the stock a sell rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $57.00.

IPHI opened at $63.75 on Friday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -111.84 and a beta of 1.56. The firm’s 50 day moving average price is $58.60. Inphi has a 52-week low of $29.56 and a 52-week high of $66.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 7.69 and a quick ratio of 7.06.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.43. The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.41 million. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, analysts forecast that Inphi will post -0.11 earnings per share for the current year.

In related news, Director William J. Ruehle sold 2,500 shares of Inphi stock in a transaction on Friday, May 24th. The shares were sold at an average price of $43.34, for a total value of $108,350.00. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at $273,518.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Charles Roach sold 2,000 shares of Inphi stock in a transaction on Friday, July 19th. The stock was sold at an average price of $60.61, for a total transaction of $121,220.00. Following the completion of the sale, the vice president now owns 113,996 shares of the company’s stock, valued at approximately $6,909,297.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,141 shares of company stock valued at $1,178,475. Insiders own 3.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. bought a new stake in Inphi during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. bought a new stake in Inphi during the second quarter valued at $40,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Inphi during the first quarter valued at $65,000. Strs Ohio bought a new stake in Inphi during the second quarter valued at $70,000. Finally, Marshall Wace LLP bought a new stake in Inphi during the first quarter valued at $70,000.

Inphi Company Profile

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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