Inphi (IPHI) Stock Price Up -6.4%
Inphi Co. (NYSE:IPHI) shares rose 6.4% during trading on Wednesday . The stock traded as high as $32.35 and last traded at $30.04. Approximately 1,572,218 shares changed hands during trading, an increase of 60% from the average daily volume of 984,791 shares. The stock had previously closed at $32.09.
IPHI has been the subject of several recent analyst reports. Zacks Investment Research lowered Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Morgan Stanley boosted their price objective on Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Rosenblatt Securities lowered Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Thursday, December 7th. B. Riley reissued a “buy” rating and set a $48.00 price objective (up previously from $42.50) on shares of Inphi in a report on Thursday, November 2nd. Finally, Jefferies Group set a $50.00 target price on Inphi and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.93.
The firm has a market capitalization of $1,263.67, a P/E ratio of -14.17, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.
Institutional investors have recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC raised its holdings in shares of Inphi by 2.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after acquiring an additional 16,255 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Inphi by 11.0% during the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock valued at $3,164,000 after acquiring an additional 9,105 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Inphi during the third quarter valued at approximately $651,000. Verition Fund Management LLC raised its holdings in shares of Inphi by 1,124.8% during the second quarter. Verition Fund Management LLC now owns 61,238 shares of the semiconductor company’s stock valued at $2,100,000 after acquiring an additional 56,238 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Inphi by 223.5% during the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock valued at $3,076,000 after acquiring an additional 53,544 shares in the last quarter.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/02/09/inphi-iphi-stock-price-up-6-4.html.
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.
Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.