Hopefully you got into Inphi Corporation (NYSE:IPHI) early, as today the stock is trading 4.12% or 2.43 points up from last closing price of $59.05, reaching $61.48 at last check. The IPHI share price has risen in 3 of the last 5 days and is up 30.07% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -436,386 shares, and in total 597114 shares valued at $36.711 million were seen changing hands compared with 1.034 million shares valued at $61.028 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in IPHI stock for the next couple of days.
Inphi Corporation (IPHI) shares have notched a 3-month gain of about 30.07%, but has still advanced 83.67% year to date. By comparison, the stock added 68.23% over the past 12 months, while it slipped -8.58% over the 1 month. The company’s market cap is around $2.67B, with its short interest ratio standing at 5.44%.
In the current trading session for IPHI, the stock witnessed two major price actions, it rose to a high of $61.84 and was down as much as $58.74 at one point. The high recorded is very low when compared to their 52-week high which is $29.56. The 52-week high is now at -7.6 distance from current price. Their recent low of $66.56 represents a 108.05% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for IPHI is $64.42, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Inphi Corporation earned $-1.97 per share in the trailing 12 months and has a P/E ratio of -31.21. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 25.68 and lower compared to the sector’s average of 29.02. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. IPHI also has P/S multiple of 8.34. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.79x.
The company recorded an interesting insider sale transaction by the VP on Aug 16, 2019. A Securities and Exchanges Commission filings show that Charles Roach sold a total of 2,000 IPHI shares that day for a sum of around $127,200. The filings show that the insider now retains 107,206 shares, currently worth $6,591,025. Inphi Corporation (IPHI) insiders have acquired 1,210 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 61,423 shares. In total, individual insiders traded 62,633 shares in the business, which makes up 11.735% of 533,741 shares that were traded over a year. In the past 12 months, insiders have purchased 225,353 shares while the seller parted with 308,388 shares.
IPHI‘s last price was up 32.09% as compared to the average trading price of 50 days recorded at $46.54 while enlarging the period to 200 trading days, the average closing price was $60.68. At present, there are 45.19 million in the total number of common shares owned by the public and among those 44.54 million shares have been available to trade. The percentage of shares being held by the company management was 2.5% while institutions stake was 0%. The company has generated negative returns on equity over the last 12 months (-24.2%). It managed to keep its gross profit margin at 57% over the past 12 months.
When assessing the full upside of the IPHI stock, there is another set of technicals that should be looked into and considered. Its -1.15% decline from moving average of $62.2 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.56 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Inphi Corporation — 9 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $56.1667 on shares of Inphi Corporation (NYSE:IPHI), which corresponds to 8.70% downside potential than its current market price of $61.48 and implies potential despite the recent advance in the price. However, their current target price has fallen from $56.1667 a month ago and is up handily from the consensus target of $44.4091 a quarter ago.
In the last five years, the EPS of the company has been roughly -37.4%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 23.5 over the last five years. The company recently recorded an increase of 23.6%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards IPHI stock. Hancock Whitney Corp changed position in the company and now owns 12,010 shares worth $738,375, SEC documents show. Ladenburg Thalmann Financial Services Inc. shored up assets in the stock as 465.13 shares have been purchased, increasing its stake by 56.3% to 727 shares which are currently valued at $44,696. In addition, United Services Automobile Association recently reported that it now owns 66,751 shares making a total of $4,103,851 based on the recent price. This refelects a change of -1.6% in their ownership.