Noteworthy Price Action: Could Inphi Corporation See a Reversal After Breaking Its 52-Week High?

Noteworthy Price Action: Could Inphi Corporation See a Reversal After Breaking Its 52 Week High?

The stock of Inphi Corporation (NYSE:IPHI) hit a new 52-week high and has $49.39 target or 4.00% above today’s $47.49 share price. The 7 months bullish chart indicates low risk for the $1.99B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $49.39 price target is reached, the company will be worth $79.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,922 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 earnings per share, up 115.38% or $0.15 from last year’s $0.13 per share. IPHI’s profit will be $11.73M for 42.40 P/E if the $0.28 EPS becomes a reality. After $0.30 actual earnings per share 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 maintained by Needham on Wednesday, July 29 with “Strong Buy”. Stifel Nicolaus maintained the shares of IPHI in a report on Friday, November 13 with “Buy” rating. Roth Capital maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock has “Buy” rating given by Deutsche Bank on Wednesday, March 23. On Monday, February 8 the stock rating was maintained by Needham with “Strong Buy”. Needham maintained it with “Strong Buy” rating and $50 target price in Wednesday, November 2 report. The rating was maintained by Northland Capital with “Outperform” on Wednesday, October 28. The rating was downgraded by Northland Capital to “Market Perform” on Wednesday, September 7. Stifel Nicolaus maintained the shares of IPHI in a report on Friday, February 5 with “Buy” rating. On Thursday, December 10 the stock rating was maintained by TH Capital with “Buy”.

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.
Symphony Asset Management Limited Liability has invested 0.23% of its portfolio in Inphi Corporation (NYSE:IPHI). Tygh Capital Mgmt Inc reported 113,478 shares or 1.02% of all its holdings. Us Fincl Bank De has 3,461 shares for 0% of their US portfolio. Legal General Public Ltd Liability Corporation reported 5,419 shares or 0% of all its holdings. G2 Invest Prtnrs Management Limited Liability Company last reported 0.44% of its portfolio in the stock. Mesirow Invest Mngmt holds 1.15% of its portfolio in Inphi Corporation (NYSE:IPHI) for 616,233 shares. Blackrock Fund Advsrs owns 959,419 shares or 0.01% of their US portfolio. Citigroup last reported 5,375 shares in the company. S Squared Techs holds 348,774 shares or 11.71% of its portfolio. Balyasny Asset Mgmt Lc accumulated 50,000 shares or 0.01% of the stock. The Massachusetts-based Geode Capital Ltd Company has invested 0% in Inphi Corporation (NYSE:IPHI). Quantbot Lp has 837 shares for 0% of their US portfolio. Invesco Ltd reported 104,463 shares or 0% of all its holdings. Verition Fund Mgmt Ltd Liability Company accumulated 0.06% or 14,736 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 165,233 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 9 selling transactions for $5.49 million net activity. Shares for $89,219 were sold by MCWILLIAMS BRUCE M on Thursday, October 27. Tamer Ford sold 40,000 shares worth $1.64M. Shares for $413,973 were sold by SRINIVASAN SAM. BANATAO DIOSDADO P sold $559,150 worth of stock or 13,000 shares. The insider Torten Ron sold $46,939. Roach Charles had sold 4,000 shares worth $168,838 on Friday, November 11.

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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