Stock On Watch: Time to Reconsider Inphi Corporation After Touching Record High?

Stock On Watch: Time to Reconsider Inphi Corporation After Touching Record High?

The stock of Inphi Corporation (NYSE:IPHI) reached all time high today, Oct, 7 and still has $71.05 target or 62.00% above today’s $43.86 share price. This indicates more upside for the $1.80B company. This technical setup was reported by Barchart.com. If the $71.05 PT is reached, the company will be worth $1.12 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 473,423 shares traded hands. Inphi Corporation (NYSE:IPHI) has risen 60.46% since March 4, 2016 and is uptrending. It has outperformed by 52.42% the S&P500.

Analysts await Inphi Corporation (NYSE:IPHI) to report earnings on October, 25. They expect $0.23 EPS, up 187.50% or $0.15 from last year’s $0.08 per share. IPHI’s profit will be $9.44 million for 47.67 P/E if the $0.23 EPS becomes a reality. After $0.16 actual EPS reported by Inphi Corporation for the previous quarter, Wall Street now forecasts 43.75% EPS growth.

Inphi Corporation (NYSE:IPHI) Ratings Coverage

Out of 12 analysts covering Inphi (NYSE:IPHI), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Inphi has been the topic of 29 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Northland Capital on Wednesday, September 7. Needham maintained Inphi Corporation (NYSE:IPHI) rating on Wednesday, October 28. Needham has “Strong Buy” rating and $32 price target. The stock has “Buy” rating given by Roth Capital on Thursday, December 10. The stock has “Buy” rating given by Roth Capital on Thursday, March 24. The company was upgraded on Monday, August 17 by Morgan Stanley. B. Riley & Co initiated Inphi Corporation (NYSE:IPHI) on Thursday, March 17 with “Buy” rating. As per Friday, December 4, the company rating was initiated by Sterne Agee CRT. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, October 28. Northland Capital maintained Inphi Corporation (NYSE:IPHI) on Wednesday, March 23 with “Outperform” rating. The firm has “Buy” rating by Bank of America given on Friday, September 18.

According to Zacks Investment Research, “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”

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.21, from 1.28 in 2016Q1. The ratio dropped, as 33 funds sold all Inphi Corporation shares owned while 56 reduced positions. 30 funds bought stakes while 65 increased positions. They now own 35.47 million shares or 3.60% more from 34.23 million shares in 2016Q1.
Allianz Asset Mgmt Ag, a Germany-based fund reported 440,626 shares. Thompson Davis & accumulated 7,500 shares or 0.38% of the stock. American Int Grp Inc has invested 0% of its portfolio in Inphi Corporation (NYSE:IPHI). Emerald Mutual Fund Advisers accumulated 119,058 shares or 0.21% of the stock. Alliancebernstein Lp, a New York-based fund reported 54,800 shares. G2 Inv Prtnrs Mngmt Limited Liability Corp, a New York-based fund reported 29,897 shares. Grandeur Peak Glob Limited Company last reported 439,375 shares in the company. United Automobile Association, a Texas-based fund reported 64,196 shares. Parametric Assocs Lc has 97,183 shares for 0% of their US portfolio. Invesco Ltd has 104,463 shares for 0% of their US portfolio. Harvest Strategies Ltd, a California-based fund reported 56,516 shares. The Massachusetts-based Geode Limited Co has invested 0% in Inphi Corporation (NYSE:IPHI). Bnp Paribas Arbitrage Sa has 1,997 shares for 0% of their US portfolio. Creative Planning has 294 shares for 0% of their US portfolio. Cap Fund Management Sa has invested 0.01% of its portfolio in Inphi Corporation (NYSE:IPHI).

Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 9 sales for $5.86 million net activity. 40,000 shares were sold by Tamer Ford, worth $1.20M. Shares for $1.02M were sold by BANATAO DIOSDADO P on Friday, August 12. Ogawa Richard had sold 19,076 shares worth $560,172 on Thursday, May 5. MCWILLIAMS BRUCE M also sold $51,856 worth of Inphi Corporation (NYSE:IPHI) on Friday, May 27. 10,000 shares were sold by SRINIVASAN SAM, worth $413,973 on Friday, August 12. 19,760 shares with value of $582,284 were sold by Torten Ron on Thursday, May 5.

More recent Inphi Corporation (NYSE:IPHI) news were published by: Fool.com which released: “Inphi Corporation Stock Soars — Here’s Why” on August 09, 2016. Also Marketwired.com published the news titled: “Inphi Corporation Announces Proposed Offering of $200.0 Million of Convertible …” on September 06, 2016. Streetinsider.com‘s news article titled: “Inphi Corp. (IPHI) to Sell Memory Business to Rambus (RMBS) for $90M” with publication date: June 30, 2016 was also an interesting one.

IPHI Company Profile

Inphi Corporation, incorporated on November 13, 2000, is a well-known provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, storage platforms, test and measurement equipment and military systems. The Firm operates in the segment of design, development and sale of high-speed analog connectivity components that operate to maintain, amplify and manage signal integrity at high speeds in a range of applications. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications, datacenter and computing infrastructures. It provides 10 gigabit (G) 10G/40G, 100G and beyond 100G high-speed analog semiconductor solutions for the communications market and high-speed memory interface solutions for the computing market.

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