Oak Ridge Investments LLC raised its position in shares of Inphi Corporation (NYSE:IPHI) by 24.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 628,697 shares of the semiconductor company’s stock after purchasing an additional 125,480 shares during the quarter. Oak Ridge Investments LLC owned about 1.49% of Inphi Corporation worth $21,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IPHI. Bank of Montreal Can boosted its stake in Inphi Corporation by 1.9% during the 1st quarter. Bank of Montreal Can now owns 5,673 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 105 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Inphi Corporation by 10.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 48,622 shares of the semiconductor company’s stock valued at $2,375,000 after acquiring an additional 4,700 shares during the last quarter. US Bancorp DE lifted its position in shares of Inphi Corporation by 27.5% during the 1st quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after acquiring an additional 754 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Inphi Corporation by 51.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock valued at $53,331,000 after acquiring an additional 369,338 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of Inphi Corporation by 0.3% during the 1st quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock valued at $324,000 after acquiring an additional 20 shares during the last quarter.

A number of brokerages have recently commented on IPHI. B. Riley reiterated a “buy” rating and set a $45.00 price objective on shares of Inphi Corporation in a research report on Monday, August 7th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $50.00 price objective (down previously from $54.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. BidaskClub upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Deutsche Bank AG cut their price objective on Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Roth Capital cut their price objective on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.58.

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Inphi Corporation (IPHI) traded up 2.97% during mid-day trading on Monday, hitting $37.12. The stock had a trading volume of 76,163 shares. The company has a market cap of $1.57 billion, a P/E ratio of 22.19 and a beta of 1.14. The company has a 50-day moving average price of $37.06 and a 200 day moving average price of $40.23. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.

Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company had revenue of $84.40 million during the quarter, compared to analyst estimates of $84 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 39.5% on a year-over-year basis. Equities research analysts forecast that Inphi Corporation will post $1.50 EPS for the current fiscal year.

Inphi Corporation Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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