Stock of the Day: Inphi Corporation Has Another Very Weak Trading Session

Stock of the Day: Inphi Corporation Has Another Very Weak Trading Session

The stock of Inphi Corporation (NYSE:IPHI) is a huge mover today! About 1.11 million shares traded hands or 29.66% up from the average. Inphi Corporation (NYSE:IPHI) has risen 45.29% since April 28, 2016 and is uptrending. It has outperformed by 39.36% the S&P500.
The move comes after 6 months negative chart setup for the $1.66 billion company. It was reported on Dec, 1 by Barchart.com. We have $39.01 PT which if reached, will make NYSE:IPHI worth $99.60M less.

Analysts await Inphi Corporation (NYSE:IPHI) to report earnings on February, 2. They expect $0.28 EPS, up 115.38% or $0.15 from last year’s $0.13 per share. IPHI’s profit will be $11.20M for 37.05 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by Inphi Corporation for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

Inphi Corporation (NYSE:IPHI) Ratings Coverage

Out of 13 analysts covering Inphi (NYSE:IPHI), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. Inphi has been the topic of 33 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded Inphi Corporation (NYSE:IPHI) rating on Monday, August 17. Morgan Stanley has “Overweight” rating and $31.50 price target. Deutsche Bank upgraded it to “Buy” rating and $40 target price in Wednesday, March 23 report. The firm has “Buy” rating given on Wednesday, October 28 by TH Capital. The firm earned “Buy” rating on Wednesday, October 28 by Stifel Nicolaus. The stock of Inphi Corporation (NYSE:IPHI) earned “Buy” rating by TH Capital on Thursday, December 10. As per Monday, February 8, the company rating was maintained by Needham. Roth Capital maintained it with “Buy” rating and $32 target price in Wednesday, October 28 report. Jefferies maintained the shares of IPHI in a report on Tuesday, August 9 with “Buy” rating. On Wednesday, November 2 the stock rating was maintained by Needham with “Strong Buy”. Stifel Nicolaus maintained it with “Buy” rating and $38 target price in Friday, February 5 report.

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 increased to 1.43 in 2016 Q2. Its up 0.36, from 1.07 in 2016Q1. The ratio is positive, 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.
Wells Fargo & Mn last reported 270,920 shares in the company. Eaton Vance Management holds 0% of its portfolio in Inphi Corporation (NYSE:IPHI) for 25,418 shares. Blackrock Group Limited last reported 11,751 shares in the company. Moreover, Turner Lp has 0.17% invested in Inphi Corporation (NYSE:IPHI) for 17,000 shares. Castleark Management Ltd Co holds 0.28% or 272,265 shares in its portfolio. Nicholas Inv Partners Lp has 0.11% invested in the company for 51,573 shares. First Advsr L P accumulated 50,271 shares or 0.01% of the stock. Suffolk Cap Mngmt Ltd Liability Company owns 86,213 shares or 0.36% of their US portfolio. Greenwood Limited Liability Corporation holds 6,779 shares or 0.07% of its portfolio. Symphony Asset Management Ltd Liability has 62,902 shares for 0.23% of their US portfolio. Moreover, Bank & Trust Of Montreal Can has 0% invested in Inphi Corporation (NYSE:IPHI) for 5,568 shares. Oxford Asset Mgmt has invested 0.04% of its portfolio in Inphi Corporation (NYSE:IPHI). Blackrock, a New York-based fund reported 3,839 shares. Osterweis Cap Management holds 0.19% of its portfolio in Inphi Corporation (NYSE:IPHI) for 92,414 shares. Bnp Paribas Arbitrage Sa has 1,997 shares for 0% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 11 sales for $6.62 million net activity. BANATAO DIOSDADO P sold $683,850 worth of stock. Shares for $46,939 were sold by Torten Ron on Wednesday, August 17. $89,219 worth of Inphi Corporation (NYSE:IPHI) shares were sold by MCWILLIAMS BRUCE M. $168,838 worth of Inphi Corporation (NYSE:IPHI) was sold by Roach Charles on Friday, November 11. 10,000 Inphi Corporation (NYSE:IPHI) shares with value of $413,973 were sold by SRINIVASAN SAM. $1.64 million worth of shares were sold by Tamer Ford on Wednesday, August 10.

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 Streetinsider.com published the news titled: “Inphi Corp. (IPHI) to Acquire ClariPhy Communications in $275M Deal” on November 01, 2016. Marketwatch.com‘s news article titled: “Inphi Corporation Prices Offering of $250.0 Million of Convertible Senior Notes” with publication date: September 07, 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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