Inphi (NYSE:IPHI) Rating Reaffirmed
Professional analysts at ROTH Capital now has a $35 Estimated Target Price on Inphi (NYSE:IPHI). ROTH Capital and their recent Estimated Target Price means a potential upside of 19.78% from the company’s last stock close price. The rating has been revealed to clients and investors in an analyst note on 10 December.
From a total of 12 analysts covering Inphi (NYSE:IPHI) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $40 while the lowest target price is $30. The mean of all analyst targets is $33.63 with a 12.35% above today’s ($29.22) stock price. Inphi was the topic of 18 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Sterne Agee CRT initiated shares on December 4 with “Buy” rating. Roth Capital maintained shares with “Buy” rating and $32 target share price in a report from an October 28. Northland Capital downgraded IPHI stock in a recent report from November 9 to “Market Perform” rating. Finally, Needham maintained the stock with “Strong Buy” rating in a report issued on an October 28.
The stock increased 0.34% or $0.1 during the last trading session, striking $29.22. Approximately shares of stock traded hands. Inphi Corporation (NYSE:IPHI) has risen 34.97% since May 7, 2015 and is uptrending. It has outperformed by 36.90% the S&P500.
The overall sentiment of institutions has decreased to 1.05 in Q2 2015. Its down 0.16, from 1.21 in 2015Q2. The ratio turned negative, as 18 institutions have sold all the shares of Inphi Corporation that they owned while 47 funds have taken shares off the table. 21 funds have purchased shares for the first time while 47 added to their positions. These institutions now hold 31.51 million shares or 5.57% less than the 33.37 million shares they owned in 2015Q2.
The Fund S Squared Technology Llc currently is holding shares equating to 9.89% of its total portfolio in Inphi Corporation representing a total of 352,574 shares. Another fund,Oberweis Asset Management Inc, is holding a total of 354,160 shares equating to 2.48% of their holdings. Additionally, Grandeur Peak Global Advisors Llc has a 359,150 share stake in Inphi Corporation which represents 1.93% of their total portfolio. The Fund, Alphaone Investment Services Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.88% of their total portfolio. Finally Herald Investment Management Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 172,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 27, 2015, shareholders of Inphi Corporation have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $254,839 . Edmunds John sold 10,000 shares worth approximately $240,000. Torten Ron sold 313 shares worth approximately $6,920. Banatao Diosdado P sold 72,300 shares worth approximately $1.39M.
Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The company has a market cap of $1.14 billion. 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. It currently has negative earnings. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications, datacenter and computing infrastructures.
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” Get a free copy of the Zacks research report on Inphi Corporation (IPHI).