Inphi Co. (NYSE:IPHI) VP Charles Roach sold 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $63.60, for a total value of $127,200.00. Following the transaction, the vice president now directly owns 107,206 shares in the company, valued at approximately $6,818,301.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Charles Roach also recently made the following trade(s):

  • On Friday, August 9th, Charles Roach sold 2,000 shares of Inphi stock. The shares were sold at an average price of $64.80, for a total value of $129,600.00.
  • On Friday, August 2nd, Charles Roach sold 2,000 shares of Inphi stock. The shares were sold at an average price of $60.48, for a total value of $120,960.00.
  • On Friday, July 26th, Charles Roach sold 2,000 shares of Inphi stock. The shares were sold at an average price of $62.16, for a total value of $124,320.00.
  • On Friday, July 19th, Charles Roach sold 2,000 shares of Inphi stock. The shares were sold at an average price of $60.61, for a total value of $121,220.00.

IPHI traded up $0.29 during trading on Tuesday, reaching $64.48. 293,097 shares of the company were exchanged, compared to its average volume of 1,032,271. The company’s 50-day moving average is $60.34 and its two-hundred day moving average is $48.76. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -113.12 and a beta of 1.56. The company has a quick ratio of 7.06, a current ratio of 7.69 and a debt-to-equity ratio of 1.34. Inphi Co. has a 12-month low of $29.56 and a 12-month high of $66.56.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.43. The business had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.41 million. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. Equities analysts forecast that Inphi Co. will post -0.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Inphi by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock worth $208,930,000 after acquiring an additional 254,115 shares during the last quarter. Victory Capital Management Inc. bought a new position in Inphi during the 1st quarter worth approximately $48,565,000. Nuveen Asset Management LLC bought a new position in Inphi during the 2nd quarter worth approximately $39,679,000. Canada Pension Plan Investment Board grew its position in Inphi by 229.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 766,974 shares of the semiconductor company’s stock worth $38,425,000 after acquiring an additional 534,474 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Inphi by 15.1% during the 2nd quarter. Janus Henderson Group PLC now owns 649,044 shares of the semiconductor company’s stock worth $32,517,000 after acquiring an additional 85,008 shares during the last quarter.

A number of research analysts have recently commented on the company. Barclays upped their price target on Inphi from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. B. Riley upped their price target on Inphi from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Northland Securities set a $30.00 price objective on Inphi and gave the stock a “sell” rating in a report on Monday, May 20th. Zacks Investment Research cut Inphi from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Morgan Stanley increased their price objective on Inphi from $45.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $57.00.

About Inphi

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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