Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 13,000 shares of Inphi Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $43.01, for a total transaction of $559,130.00. Following the completion of the sale, the director now owns 3,214 shares in the company, valued at $138,234.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Inphi Corp. (NYSE:IPHI) traded up 4.01% during midday trading on Thursday, hitting $46.69. 672,777 shares of the stock were exchanged. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 25.72 and a beta of 1.43. The stock’s 50-day moving average price is $41.14 and its 200-day moving average price is $36.68. Inphi Corp. has a 1-year low of $22.07 and a 1-year high of $46.83.

Inphi Corp. (NYSE:IPHI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The business earned $70.70 million during the quarter, compared to analyst estimates of $67.88 million. Inphi Corp. had a return on equity of 9.34% and a net margin of 29.65%. Inphi Corp.’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, analysts forecast that Inphi Corp. will post $1.49 EPS for the current year.

Insider Buying and Selling by Quarter for Inphi Corp. (NYSE:IPHI)

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Inphi Corp. from a “sell” rating to a “hold” rating and set a $47.00 price objective on the stock in a report on Tuesday, August 9th. JPMorgan Chase & Co. initiated coverage on shares of Inphi Corp. in a report on Tuesday, August 30th. They issued an “overweight” rating and a $55.00 price objective on the stock. Northland Securities cut shares of Inphi Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. B. Riley reissued a “buy” rating and issued a $46.00 target price on shares of Inphi Corp. in a research note on Sunday, August 14th. Finally, TheStreet raised shares of Inphi Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Two equities research 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 company. The company has a consensus rating of “Buy” and a consensus target price of $44.00.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Inphi Corp. during the second quarter worth approximately $112,000. BlackRock Inc. raised its stake 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. Teacher Retirement System of Texas raised its stake 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. Bank of Montreal Can bought a new stake in Inphi Corp. during the second quarter worth approximately $178,000. Finally, BNP Paribas Arbitrage SA raised its stake 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. 90.46% of the stock is owned by institutional investors and hedge funds.

About Inphi Corp.

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.

5 Day Chart for NYSE:IPHI

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