Inphi (NYSE:IPHI) issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03, Bloomberg Earnings reports. The company had revenue of $86.53 million during the quarter, compared to analysts’ expectations of $86.64 million. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.36%. Inphi updated its Q1 2019 guidance to $0.27-0.29 EPS and its Q1 guidance to $0.27-$0.29 EPS.
Shares of IPHI stock opened at $40.95 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 8.62 and a current ratio of 9.27. Inphi has a 12 month low of $24.18 and a 12 month high of $42.34. The firm has a market capitalization of $1.81 billion, a PE ratio of -71.84, a price-to-earnings-growth ratio of 11.94 and a beta of 1.59.
In other Inphi news, Director Diosdado P. Banatao sold 29,656 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $39.60, for a total value of $1,174,377.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sam Srinivasan sold 3,214 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $39.10, for a total transaction of $125,667.40. Following the completion of the transaction, the director now owns 20,795 shares in the company, valued at $813,084.50. The disclosure for this sale can be found here. Insiders have sold 80,249 shares of company stock worth $3,193,430 over the last ninety days. Insiders own 3.40% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Inphi from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, February 5th. Craig Hallum lifted their price target on shares of Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. Needham & Company LLC lifted their price target on shares of Inphi to $46.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. Citigroup reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi in a research note on Wednesday, January 30th. Finally, DA Davidson raised shares of Inphi from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $45.00 in a research note on Monday, January 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Inphi currently has a consensus rating of “Buy” and a consensus price target of $40.59.
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Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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