Diosdado P. Banatao Sells 15,000 Shares of Inphi Corp. (IPHI) Stock
Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $45.59, for a total value of $683,850.00. Following the sale, the director now owns 3,214 shares of the company’s stock, valued at approximately $146,526.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Inphi Corp. (NYSE:IPHI) opened at 46.12 on Tuesday. Inphi Corp. has a 1-year low of $22.07 and a 1-year high of $47.22. The company’s 50 day moving average price is $41.42 and its 200-day moving average price is $37.09. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 25.41 and a beta of 1.43.
Inphi Corp. (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.08. The business 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%. The business’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. Equities analysts expect that Inphi Corp. will post $1.49 EPS for the current fiscal year.
Several research firms have recently commented on IPHI. B. Riley restated a “buy” rating and set a $50.00 price target on shares of Inphi Corp. in a research note on Saturday, November 5th. Zacks Investment Research raised Inphi Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a report on Saturday, November 5th. TheStreet raised Inphi Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Needham & Company LLC upped their price objective on Inphi Corp. from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Wednesday, November 2nd. Finally, Cowen and Company upped their price objective on Inphi Corp. from $39.00 to $41.00 and gave the stock a “market perform” rating in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.
Hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Inphi Corp. by 2.0% in the first quarter. State Street Corp now owns 810,065 shares of the company’s stock valued at $27,007,000 after buying an additional 15,844 shares during the period. UBS Group AG increased its stake in shares of Inphi Corp. by 198.2% in the first quarter. UBS Group AG now owns 44,268 shares of the company’s stock valued at $1,476,000 after buying an additional 29,422 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Inphi Corp. by 146.0% in the first quarter. Wellington Management Group LLP now owns 1,582,150 shares of the company’s stock valued at $52,748,000 after buying an additional 939,018 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Inphi Corp. during the first quarter valued at $767,000. Finally, Fox Run Management L.L.C. increased its stake in shares of Inphi Corp. by 92.5% in the second quarter. Fox Run Management L.L.C. now owns 15,400 shares of the company’s stock valued at $493,000 after buying an additional 7,400 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.
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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