Inphi Corporation (IPHI) Stock: Here’s What’s Happening

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Inphi Corporation (IPHI) is working its way for to the top in the market in today’s trading session. The company, one that is focused on the tech space, is currently trading at $44.95 after heading down -12.67% so far today. When it comes to tech stocks, there are several factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories centered around IPHI:

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May-09-19 11:54AM Are Investors Undervaluing Inphi Corporation (NYSE:IPHI) By 34%?
May-06-19 07:16AM You Know Something Else That May Be Transitory?: Taking Stock
May-02-19 01:21PM Were Hedge Funds Right About Flocking Into Inphi Corporation (IPHI) ?
May-01-19 02:56PM Edited Transcript of IPHI earnings conference call or presentation 30-Apr-19 8:30pm GMT
02:07AM Inphi (IPHI) Q1 2019 Earnings Call Transcript

However, when making a decision with regard to investing, investors should take a look at much more than just news, this is especially the case in the ever evolving technology sector. Here’s what’s going on with Inphi Corporation.

Performance Trends That We’ve Seen From IPHI

Although a move toward the top in a single session, like the fall that we’re seeing from Inphi Corporation may make some investors fearful, that alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always important to look into trends further out than a single trading day. In the case of IPHI, here are the trends that investors have experienced:

  • Past 5 Sessions – In the past 7 days, IPHI has seen a price change in the amount of 1.48%.
  • Past Month – The monthly ROI from Inphi Corporation works out to 8.95%.
  • Past Three Months – In the past quarter, the company has generated a return that comes to 25.69%
  • Past Six Months – Over the previous six months, we have seen a change that equates to 40.55% from the stock.
  • YTD – Since the close of last year IPHI has generated a ROI of 60.09%.
  • Annually – Lastly, over the past full year, we’ve seen performance that works out to 56.25% out of IPHI. Throughout this period, the stock has sold at a high price of -13.27% and a low price of 52.06%.

Important Ratios

Digging into a few key ratios having to do with a company generally gives traders a view of how risky and/or rewarding a stock pick may be. Here are a few of the key ratios to look at when digging into IPHI.

Short Ratio – The short ratio is a tool that’s used by investors to measure the amount of short interest. The higher this ratio, the more investors are expecting that the price of the stock is headed for declines. Throughout the sector, strong tech stocks tend to come with a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to Inphi Corporation, the stock’s short ratio clocks in at 8.06.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due based on current assets or quick assets. Because in tech, companies rely on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be upsetting. However, some better companies in the tech space do have positive current and quick ratios. In terms of IPHI, the quick and current ratios total up to 7.60 and 8.10 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the price of shares. In this case, that ratio equates to 8.17.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In terms of IPHI, the cash to share value ratio is 9.41.

Investors Tend To Follow The Big Money

One thing I’ve come to understand in my brief period as an intelligence has been that smart money tends to follow big money investors. So, investors that are trying to keep their investments relatively safe will keep their eyes on moves made by institutional investors and those on the inside. So, is big money flowing as it relates to IPHI? Here’s what’s going on:

  • Institutions – At the moment, institutional investors hold 0 of Inphi Corporation. On the other hand, it is important to note that institutional ownership has changed in the amount of 3.11% over the last 3 months.
  • Insiders – with regard to insiders, those close to the company currently own 2.40% of Inphi Corporation. Insider ownership of the company has changed in the amount of -11.77% over the past 3 months.

How Analysts Feel About Inphi Corporation

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own due diligence before making an investment decision in the tech sector. Below you’ll find the recent moves that we’ve seen from analysts with regard to IPHI.

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May-06-19 Upgrade BofA/Merrill Underperform → Buy
May-01-19 Reiterated Needham Buy $40 → $54
Jan-28-19 Upgrade DA Davidson Neutral → Buy
Jan-11-19 Initiated Citigroup Buy $40
Jul-25-18 Reiterated Needham Buy $35 → $40

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $2.25. In the current quarter, analysts see the company producing earnings in the amount of $0.38. Over the last 5 years, IPHI has generated revenue in the amount of $23.50% with earnings coming in at -37.40%. On a quarter over quarter basis, earnings have seen movement of 4.30% and revenue has seen movement of 36.80%.

Interested In How Many Shares Are Available?

Traders tend to like to know the counts of shares both available and outstanding. When it comes to Inphi Corporation, there are currently 45.59M with a float of 44.29M. This means that of the total of 45.59M shares of IPHI in existence today, 44.29M are able to be traded on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to IPHI, the short percent of the float is 12.65%.

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