Inphi Corp. (IPHI) VP Sells $168,840.00 in Stock
Inphi Corp. (NYSE:IPHI) VP Charles Roach sold 4,000 shares of Inphi Corp. stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $42.21, for a total transaction of $168,840.00. Following the sale, the vice president now directly owns 63,609 shares of the company’s stock, valued at approximately $2,684,935.89. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Inphi Corp. (NYSE:IPHI) opened at 44.89 on Thursday. The company has a market cap of $1.85 billion, a P/E ratio of 24.73 and a beta of 1.43. The stock’s 50 day moving average is $41.14 and its 200-day moving average is $36.68. Inphi Corp. has a one year low of $22.07 and a one year high of $45.09.
Inphi Corp. (NYSE:IPHI) last announced its earnings results on Tuesday, November 1st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The company earned $70.70 million during the quarter, compared to the consensus estimate of $67.88 million. Inphi Corp. had a net margin of 29.65% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. Equities research analysts forecast that Inphi Corp. will post $1.49 earnings per share for the current year.
IPHI has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $46.00 target price on shares of Inphi Corp. in a report on Tuesday, August 9th. Stifel Nicolaus lifted their target price on shares of Inphi Corp. from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Jefferies Group boosted their price objective on shares of Inphi Corp. from $38.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 price objective on shares of Inphi Corp. in a report on Tuesday, August 9th. Finally, TheStreet raised shares of Inphi Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $44.00.
Several hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Inphi Corp. during the second quarter valued at approximately $112,000. BlackRock Inc. increased its stake in shares of Inphi Corp. by 57.9% in the second quarter. BlackRock Inc. now owns 3,839 shares of the company’s stock valued at $123,000 after buying an additional 1,407 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Inphi Corp. by 110.0% in the third quarter. BNP Paribas Arbitrage SA now owns 4,194 shares of the company’s stock valued at $182,000 after buying an additional 2,197 shares in the last quarter. US Bancorp DE increased its stake in shares of Inphi Corp. by 26.1% in the third quarter. US Bancorp DE now owns 4,364 shares of the company’s stock valued at $190,000 after buying an additional 903 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Inphi Corp. by 37.2% in the second quarter. Teacher Retirement System of Texas now owns 4,964 shares of the company’s stock valued at $159,000 after buying an additional 1,347 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.
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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