Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 6,000 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $46.36, for a total value of $278,160.00. Following the sale, the director now owns 3,214 shares of the company’s stock, valued at approximately $149,001.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Inphi Corp. (NYSE:IPHI) traded up 0.95% during midday trading on Tuesday, hitting $46.56. The stock had a trading volume of 390,470 shares. The firm has a 50-day moving average of $41.42 and a 200-day moving average of $37.09. Inphi Corp. has a 12-month low of $22.07 and a 12-month high of $47.22. The company has a market cap of $1.92 billion, a PE ratio of 25.65 and a beta of 1.43.

Inphi Corp. (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. Inphi Corp. had a return on equity of 9.34% and a net margin of 29.65%. The company earned $70.70 million during the quarter, compared to analyst estimates of $67.88 million. During the same period in the previous year, the business earned $0.25 EPS. Inphi Corp.’s quarterly revenue was up 49.3% on a year-over-year basis. Equities research 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)

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sheets Smith Wealth Management acquired a new position in Inphi Corp. during the third quarter worth approximately $565,000. LPL Financial LLC purchased a new position in Inphi Corp. during the third quarter worth approximately $458,000. Cornerstone Capital Management Holdings LLC. boosted its position in Inphi Corp. by 60.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 14,494 shares of the company’s stock worth $629,000 after buying an additional 5,480 shares during the period. Credit Suisse AG boosted its position in Inphi Corp. by 95.8% in the third quarter. Credit Suisse AG now owns 102,965 shares of the company’s stock worth $4,480,000 after buying an additional 50,374 shares during the period. Finally, Dai Ichi Life Holdings Inc. boosted its position in Inphi Corp. by 140.9% in the third quarter. Dai Ichi Life Holdings Inc. now owns 59,298 shares of the company’s stock worth $2,580,000 after buying an additional 34,680 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Several research firms recently issued reports on IPHI. B. Riley reiterated a “buy” rating and set a $50.00 target price on shares of Inphi Corp. in a research report on Saturday, November 5th. Zacks Investment Research upgraded Inphi Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research report on Saturday, November 5th. TheStreet upgraded Inphi Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, November 2nd. Needham & Company LLC increased their target price on Inphi Corp. from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 2nd. Finally, Cowen and Company increased their target price on Inphi Corp. from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Inphi Corp. presently has a consensus rating of “Buy” and an average target price of $44.00.

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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.

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