NEW YORK ( TheStreet) -- Shares of Inphi (NYSE: IPHI) were gapping down Wednesday morning with an open price 12.3% lower than Tuesday's closing price. The stock closed at $13.69 Tuesday and opened today's trading at $12. The average volume for Inphi has been 265,300 shares per day over the past 30 days. Inphi has a market cap of $393.1 million and is part of the technology sector and electronics industry. Shares are up 14.5% year to date as of the close of trading on Tuesday. Inphi Corporation provides high-speed analog semiconductor solutions for the communications and computing markets worldwide. The company has a P/E ratio of 199.4, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Inphi as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share. You can view the full Inphi Ratings Report. Get more investment ideas from our investment research center.