Somewhat Positive Press Coverage Somewhat Unlikely to Impact Inphi Corporation (IPHI) Stock Price
Media stories about Inphi Corporation (NYSE:IPHI) have been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inphi Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 44.5636629571232 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Inphi Corporation (IPHI) Expected to Announce Quarterly Sales of $86.38 Million (americanbankingnews.com)
- Inphi Corporation (IPHI) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Inphi Corporation Target of Unusually Large Options Trading (IPHI) (americanbankingnews.com)
- $0.36 EPS Expected for Inphi Corporation (IPHI) This Quarter (americanbankingnews.com)
- Diosdado P. Banatao Sells 17,000 Shares of Inphi Corporation (IPHI) Stock (americanbankingnews.com)
Shares of Inphi Corporation (IPHI) traded up $1.97 on Wednesday, reaching $43.12. The company’s stock had a trading volume of 858,000 shares, compared to its average volume of 970,014. The company has a market cap of $1,750.26, a price-to-earnings ratio of 54.15, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. Inphi Corporation has a 52-week low of $33.00 and a 52-week 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.
Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.27. Inphi Corporation 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 the consensus estimate of $84.30 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. equities analysts forecast that Inphi Corporation will post 0.51 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on IPHI. BidaskClub upgraded Inphi Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Zacks Investment Research raised Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Northland Securities reissued a “hold” rating and issued a $33.00 price target on shares of Inphi Corporation in a research note on Friday, September 15th. B. Riley reissued a “buy” rating and issued a $48.00 price target (up from $42.50) on shares of Inphi Corporation in a research note on Thursday, November 2nd. Finally, Jefferies Group LLC set a $50.00 price objective on Inphi Corporation and gave the company a “buy” rating in a research note on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Inphi Corporation presently has a consensus rating of “Buy” and an average price target of $44.50.
In other Inphi Corporation news, VP Charles Roach sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the completion of the transaction, the vice president now directly owns 93,947 shares in the company, valued at $3,783,245.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total transaction of $326,160.00. Following the transaction, the director now owns 6,542 shares of the company’s stock, valued at $266,717.34. The disclosure for this sale can be found here. Insiders have sold 100,238 shares of company stock valued at $4,037,064 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.
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Inphi Corporation 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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