Inphi Corp. (IPHI) Director Sells $170,200.00 in Stock
Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 4,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $42.55, for a total value of $170,200.00. Following the sale, the director now directly owns 3,214 shares of the company’s stock, valued at approximately $136,755.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Inphi Corp. (NYSE:IPHI) opened at 46.39 on Monday. The company has a market capitalization of $1.91 billion, a P/E ratio of 25.56 and a beta of 1.43. Inphi Corp. has a one year low of $22.07 and a one year high of $47.22. The stock’s 50 day moving average price is $41.20 and its 200 day moving average price is $36.80.
Inphi Corp. (NYSE:IPHI) last announced its quarterly earnings data 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 had revenue of $70.70 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Equities analysts anticipate that Inphi Corp. will post $1.49 EPS for the current fiscal year.
A number of analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Inphi Corp. in a research note on Tuesday, August 9th. Zacks Investment Research raised Inphi Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 price target for the company in a research note on Saturday, November 5th. Northland Securities lowered Inphi Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Jefferies Group reaffirmed a “buy” rating on shares of Inphi Corp. in a research note on Thursday, September 8th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Inphi Corp. in a research note on Monday, July 25th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $44.00.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in shares of Inphi Corp. during the second quarter valued at approximately $112,000. BlackRock Inc. increased its position 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 during the period. BNP Paribas Arbitrage SA increased its position 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 during the period. US Bancorp DE increased its position 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 during the period. Finally, Teacher Retirement System of Texas increased its position 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 during the period. 90.25% of the stock is currently owned by institutional investors.
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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