Price Action To Observe: Could Inphi Corporation Recover After Today’s Significant Decline?

Price Action To Observe: Could Inphi Corporation Recover After Today's Significant Decline?

The stock of Inphi Corporation (NYSE:IPHI) is a huge mover today! About 926,654 shares traded hands. Inphi Corporation (NYSE:IPHI) has risen 68.25% since March 8, 2016 and is uptrending. It has outperformed by 58.93% the S&P500.
The move comes after 5 months negative chart setup for the $1.67B company. It was reported on Oct, 11 by Barchart.com. We have $38.61 PT which if reached, will make NYSE:IPHI worth $100.20 million less.

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 $9.35M for 44.64 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 rating was maintained by TH Capital with “Buy” on Wednesday, October 28. The stock has “Buy” rating given by Sterne Agee CRT on Friday, December 4. The firm has “Buy” rating given on Friday, November 13 by Stifel Nicolaus. JP Morgan initiated the shares of IPHI in a report on Tuesday, August 30 with “Overweight” rating. Needham maintained Inphi Corporation (NYSE:IPHI) rating on Monday, February 8. Needham has “Strong Buy” rating and $33 price target. The stock of Inphi Corporation (NYSE:IPHI) earned “Buy” rating by Bank of America on Friday, September 18. The firm has “Buy” rating by Jefferies given on Tuesday, August 9. The firm earned “Market Perform” rating on Wednesday, September 7 by Northland Capital. The stock has “Buy” rating given by Deutsche Bank on Wednesday, March 23. The stock of Inphi Corporation (NYSE:IPHI) has “Buy” rating given on Wednesday, October 28 by Stifel Nicolaus.

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 2016 Q2. Its down 0.21, from 1.28 in 2016Q1. The ratio turned negative, 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.
Swiss State Bank has 59,400 shares for 0% of their US portfolio. The New York-based Metropolitan Life Insur Ny has invested 0.01% in Inphi Corporation (NYSE:IPHI). Moore L P last reported 40,000 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Inphi Corporation (NYSE:IPHI) for 689 shares. Shellback Capital L P last reported 447,925 shares in the company. The Massachusetts-based Commonwealth Equity Services Inc has invested 0.01% in Inphi Corporation (NYSE:IPHI). The Washington-based Parametric Ltd Liability Corporation has invested 0% in Inphi Corporation (NYSE:IPHI). Visium Asset Management Ltd Partnership has invested 0.02% of its portfolio in Inphi Corporation (NYSE:IPHI). Clarivest Asset Management Limited has 70,064 shares for 0.07% of their US portfolio. The Massachusetts-based Geode Cap Management Llc has invested 0% in Inphi Corporation (NYSE:IPHI). Panagora Asset Management Inc has invested 0.04% of its portfolio in Inphi Corporation (NYSE:IPHI). Moreover, Pnc Group Inc Inc has 0% invested in Inphi Corporation (NYSE:IPHI) for 209 shares. Hanseatic Ser last reported 0% of its portfolio in the stock. Blackrock Institutional Tru Company Na reported 894,785 shares or 0% of all its holdings. The Massachusetts-based Loomis Sayles & Communications Lp has invested 0.06% in Inphi Corporation (NYSE:IPHI).

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 9 insider sales for $5.86 million net activity. SRINIVASAN SAM had sold 10,000 shares worth $413,973. $582,284 worth of Inphi Corporation (NYSE:IPHI) was sold by Torten Ron. Tamer Ford sold $1.64M worth of stock or 40,000 shares. BANATAO DIOSDADO P also sold $1.02M worth of Inphi Corporation (NYSE:IPHI) on Friday, August 12. Ogawa Richard sold $560,172 worth of Inphi Corporation (NYSE:IPHI) on Thursday, May 5. The insider MCWILLIAMS BRUCE M sold $51,856.

More news for Inphi Corporation (NYSE:IPHI) were recently published by: Fool.com, which released: “Inphi Corporation Stock Soars — Here’s Why” on August 09, 2016. Finance.Yahoo.com‘s article titled: “Inphi Corporation Announces Proposed Offering of $200.0 Million of Convertible …” and published on September 06, 2016 is yet another important article.

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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