Diosdado P. Banatao Sells 20,000 Shares of Inphi Corp. (IPHI) Stock
Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 20,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $43.26, for a total transaction of $865,200.00. Following the completion of the transaction, the director now owns 3,214 shares in the company, valued at approximately $139,037.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Inphi Corp. (NYSE:IPHI) opened at 43.39 on Wednesday. The firm has a 50-day moving average of $41.08 and a 200 day moving average of $36.62. The company has a market cap of $1.79 billion, a PE ratio of 23.91 and a beta of 1.43. Inphi Corp. has a 52-week low of $22.07 and a 52-week high of $44.82.
Inphi Corp. (NYSE:IPHI) last posted its earnings results on Tuesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. Inphi Corp. had a net margin of 29.65% and a return on equity of 9.34%. The business had revenue of $70.70 million for the quarter, compared to analyst estimates of $67.88 million. During the same period last year, the business posted $0.25 EPS. Inphi Corp.’s revenue was up 49.3% compared to the same quarter last year. Equities research analysts expect that Inphi Corp. will post $1.49 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Inphi Corp. during the second quarter worth about $112,000. BlackRock Inc. raised its position in Inphi Corp. by 57.9% in the second quarter. BlackRock Inc. now owns 3,839 shares of the company’s stock worth $123,000 after buying an additional 1,407 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Inphi Corp. by 110.0% in the third quarter. BNP Paribas Arbitrage SA now owns 4,194 shares of the company’s stock worth $182,000 after buying an additional 2,197 shares during the last quarter. US Bancorp DE raised its position in Inphi Corp. by 26.1% in the third quarter. US Bancorp DE now owns 4,364 shares of the company’s stock worth $190,000 after buying an additional 903 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Inphi Corp. by 37.2% in the second quarter. Teacher Retirement System of Texas now owns 4,964 shares of the company’s stock worth $159,000 after buying an additional 1,347 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
A number of brokerages have commented on IPHI. B. Riley reiterated a “buy” rating and issued a $46.00 price objective on shares of Inphi Corp. in a report on Tuesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $40.00 target price on shares of Inphi Corp. in a research note on Tuesday, August 9th. Needham & Company LLC upped their target price on shares of Inphi Corp. from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 9th. Cowen and Company upped their target price on shares of Inphi Corp. from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Wednesday, November 2nd. Finally, Northland Securities lowered shares of Inphi Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Inphi Corp. presently has an average rating of “Buy” and a consensus price target of $44.00.
Inphi Corp. Company Profile
Inphi Corporation is a 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, test and measurement equipment and military systems.
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