Grandeur Peak Global Advisors LLC lifted its position in Inphi Corporation (NYSE:IPHI) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,450 shares of the semiconductor company’s stock after purchasing an additional 7,550 shares during the quarter. Inphi Corporation comprises 1.3% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 24th largest position. Grandeur Peak Global Advisors LLC owned approximately 0.60% of Inphi Corporation worth $8,762,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Albion Financial Group UT raised its stake in shares of Inphi Corporation by 1.3% in the second quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 125 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Inphi Corporation by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 219 shares during the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of Inphi Corporation by 2.7% in the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock worth $839,000 after purchasing an additional 647 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Inphi Corporation by 1.4% in the second quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock worth $1,814,000 after purchasing an additional 742 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 754 shares during the last quarter.

Inphi Corporation (IPHI) traded up 2.36% during mid-day trading on Friday, reaching $39.41. The company had a trading volume of 595,637 shares. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The firm’s 50 day moving average price is $38.21 and its 200-day moving average price is $39.38. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.56 and a beta of 1.19.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. Equities research analysts anticipate that Inphi Corporation will post $1.52 earnings per share for the current year.

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Several brokerages have recently issued reports on IPHI. Cowen and Company restated a “buy” rating and issued a $45.00 price objective on shares of Inphi Corporation in a research note on Sunday, October 1st. Northland Securities restated a “hold” rating and issued a $33.00 price objective on shares of Inphi Corporation in a research note on Friday, September 15th. Zacks Investment Research upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price objective on shares of Inphi Corporation in a research note on Tuesday, September 12th. Finally, BidaskClub cut Inphi Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.13.

Inphi Corporation 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.

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

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