Hillsdale Investment Management Inc. bought a new stake in Inphi Co. (NYSE:IPHI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 13,300 shares of the semiconductor company’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation N.A. grew its stake in shares of Inphi by 6.3% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 256 shares during the period. Scout Investments Inc. grew its stake in shares of Inphi by 65.8% in the 2nd quarter. Scout Investments Inc. now owns 116,105 shares of the semiconductor company’s stock valued at $5,817,000 after buying an additional 46,080 shares during the period. Jennison Associates LLC grew its stake in shares of Inphi by 265.8% in the 1st quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock valued at $22,545,000 after buying an additional 374,522 shares during the period. Geode Capital Management LLC grew its stake in shares of Inphi by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 455,751 shares of the semiconductor company’s stock valued at $14,652,000 after buying an additional 25,224 shares during the period. Finally, Taylor Frigon Capital Management LLC grew its stake in shares of Inphi by 2.0% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 48,240 shares of the semiconductor company’s stock valued at $2,110,000 after buying an additional 957 shares during the period.

Shares of Inphi stock traded up $1.33 during mid-day trading on Monday, hitting $66.00. 5,898 shares of the stock were exchanged, compared to its average volume of 1,042,014. Inphi Co. has a 12 month low of $29.56 and a 12 month high of $66.56. The company has a 50-day simple moving average of $59.46 and a 200 day simple moving average of $48.51. The company has a debt-to-equity ratio of 1.34, a quick ratio of 7.06 and a current ratio of 7.69. The company has a market capitalization of $2.99 billion, a P/E ratio of -116.00 and a beta of 1.56.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.43. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.41 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. Analysts predict that Inphi Co. will post -0.11 EPS for the current year.

IPHI has been the subject of several research reports. Northland Securities set a $30.00 target price on Inphi and gave the company a “sell” rating in a research note on Monday, May 20th. Bank of America set a $68.00 price target on shares of Inphi and gave the company a “buy” rating in a research report on Monday, July 15th. Needham & Company LLC raised their price target on shares of Inphi from $40.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Cowen raised their price target on shares of Inphi from $53.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $55.00 price target (up previously from $46.00) on shares of Inphi in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $57.00.

In related news, Director William J. Ruehle sold 2,500 shares of Inphi stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $43.34, for a total value of $108,350.00. Following the sale, the director now owns 6,311 shares of the company’s stock, valued at approximately $273,518.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles Roach sold 2,000 shares of Inphi stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.80, for a total transaction of $129,600.00. Following the completion of the sale, the vice president now directly owns 109,206 shares in the company, valued at approximately $7,076,548.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,141 shares of company stock worth $3,525,755. Insiders own 3.30% of the company’s stock.

Inphi Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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