Inphi Corporation (IPHI) VP Sells $1,118,320.00 in Stock
Inphi Corporation (NYSE:IPHI) VP Charles Roach sold 28,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total value of $1,118,320.00. Following the completion of the transaction, the vice president now owns 93,947 shares in the company, valued at $3,752,243.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Charles Roach also recently made the following trade(s):
- On Monday, November 13th, Charles Roach sold 14,000 shares of Inphi Corporation stock. The stock was sold at an average price of $40.50, for a total value of $567,000.00.
Shares of Inphi Corporation (IPHI) opened at $40.10 on Friday. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The stock has a market capitalization of $1,705.61, a price-to-earnings ratio of 52.76, a PEG ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.
Inphi Corporation (NYSE:IPHI) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.27. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The firm had revenue of $84.50 million during the quarter, compared to analyst estimates of $84.30 million. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that Inphi Corporation will post 0.51 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Inphi Corporation during the 2nd quarter valued at $118,000. Ameritas Investment Partners Inc. increased its position in shares of Inphi Corporation by 6.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Inphi Corporation during the 3rd quarter valued at $153,000. BNP Paribas Arbitrage SA increased its position in shares of Inphi Corporation by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the last quarter. Finally, FNY Partners Fund LP increased its position in shares of Inphi Corporation by 76.2% during the 2nd quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 2,400 shares during the last quarter.
A number of brokerages recently issued reports on IPHI. B. Riley reiterated a “buy” rating and issued a $45.00 target price on shares of Inphi Corporation in a report on Monday, August 7th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $50.00 target price (down from $54.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. Roth Capital dropped their price objective on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. BidaskClub upgraded Inphi Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Finally, Craig Hallum restated a “buy” rating and set a $44.00 price objective (down from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.50.
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.
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