Price Action Don’t Lie: After Achieving All Time High, Is Inphi Corporation’s Near-Term Analysis Positive?

Price Action Don't Lie: After Achieving All Time High, Is Inphi Corporation's Near Term Analysis Positive?

The stock of Inphi Corporation (NYSE:IPHI) reached all time high today, Nov, 24 and still has $50.09 target or 6.00% above today’s $47.25 share price. This indicates more upside for the $1.97 billion company. This technical setup was reported by Barchart.com. If the $50.09 PT is reached, the company will be worth $118.20M 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. The stock increased 1.48% or $0.69 on November 23, hitting $47.25. About 562,237 shares traded hands. Inphi Corporation (NYSE:IPHI) has risen 49.29% since April 22, 2016 and is uptrending. It has outperformed by 43.88% the S&P500.

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 $11.67M for 42.19 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. The rating was initiated by Sterne Agee CRT with “Buy” on Friday, December 4. Bank of America initiated Inphi Corporation (NYSE:IPHI) on Friday, September 18 with “Buy” rating. The stock of Inphi Corporation (NYSE:IPHI) earned “Buy” rating by B. Riley & Co on Thursday, March 17. On Thursday, December 10 the stock rating was maintained by TH Capital with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $48 target price in Thursday, October 13 report. The firm earned “Buy” rating on Friday, February 5 by Stifel Nicolaus. TH Capital maintained Inphi Corporation (NYSE:IPHI) on Wednesday, October 28 with “Buy” rating. The rating was upgraded by Deutsche Bank on Wednesday, March 23 to “Buy”. The rating was maintained by Needham with “Strong Buy” on Wednesday, November 2. The company was maintained on Monday, October 12 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 increased to 1.43 in Q2 2016. Its up 0.36, from 1.07 in 2016Q1. The ratio increased, 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.
Quantbot Lp last reported 837 shares in the company. Wells Fargo And Mn reported 270,920 shares or 0% of all its holdings. Millrace Asset Grp accumulated 1.91% or 36,518 shares. International Grp Inc reported 23,130 shares or 0% of all its holdings. Jennison has invested 0% of its portfolio in Inphi Corporation (NYSE:IPHI). Schwab Charles Mgmt Inc holds 0.01% of its portfolio in Inphi Corporation (NYSE:IPHI) for 138,969 shares. California Employees Retirement Sys last reported 79,800 shares in the company. Fmr Limited Liability Corp has invested 0% of its portfolio in Inphi Corporation (NYSE:IPHI). Art Advsr Ltd Liability Co holds 10,516 shares or 0.02% of its portfolio. Citigroup last reported 0% of its portfolio in the stock. Hussman Strategic Advsrs Incorporated last reported 0.98% of its portfolio in the stock. Cap Fund Management accumulated 43,000 shares or 0.01% of the stock. Osterweis Capital Management Inc last reported 0.19% of its portfolio in the stock. Sei Invs Company accumulated 1,235 shares or 0% of the stock. Moreover, Castleark Mgmt Lc has 0.28% invested in Inphi Corporation (NYSE:IPHI) for 272,265 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 9 selling transactions for $5.49 million net activity. $1.64M worth of Inphi Corporation (NYSE:IPHI) was sold by Tamer Ford on Wednesday, August 10. $89,219 worth of Inphi Corporation (NYSE:IPHI) was sold by MCWILLIAMS BRUCE M on Thursday, October 27. SRINIVASAN SAM sold $413,973 worth of Inphi Corporation (NYSE:IPHI) on Friday, August 12. On Wednesday, November 16 the insider BANATAO DIOSDADO P sold $683,850. Roach Charles sold $168,838 worth of stock or 4,000 shares. On Wednesday, August 17 Torten Ron sold $46,939 worth of the stock or 1,111 shares.

More important 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 article titled: “Inphi Corp. (IPHI) to Acquire ClariPhy Communications in $275M Deal”, Marketwatch.com published: “Inphi Corporation Prices Offering of $250.0 Million of Convertible Senior Notes” on September 07, 2016. More interesting news about Inphi Corporation (NYSE:IPHI) was released by: Streetinsider.com and their article: “Inphi Corp. (IPHI) to Sell Memory Business to Rambus (RMBS) for $90M” with publication date: June 30, 2016.

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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