Inphi Corporation (NYSE:IPHI) Director Diosdado P. Banatao sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.34, for a total value of $685,780.00. Following the completion of the sale, the director now owns 6,542 shares in the company, valued at approximately $263,904.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Inphi Corporation (NYSE:IPHI) traded up $0.01 during trading on Friday, reaching $40.10. The company’s stock had a trading volume of 704,424 shares, compared to its average volume of 972,628. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20. The company has a market cap of $1,700.00, a price-to-earnings ratio of 52.80, a PEG ratio of 3.69 and a beta of 1.04.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.27. The firm had revenue of $84.50 million for the quarter, compared to analyst estimates of $84.30 million. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. equities analysts expect that Inphi Corporation will post 0.51 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of IPHI. California Public Employees Retirement System boosted its holdings in shares of Inphi Corporation by 56.1% during the 3rd quarter. California Public Employees Retirement System now owns 9,679 shares of the semiconductor company’s stock valued at $384,000 after acquiring an additional 3,479 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Inphi Corporation during the 3rd quarter valued at $153,000. Quentec Asset Management LLC boosted its holdings in shares of Inphi Corporation by 145.8% during the 3rd quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after acquiring an additional 265,837 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Inphi Corporation during the 3rd quarter valued at $21,852,000. Finally, Elk Creek Partners LLC boosted its holdings in shares of Inphi Corporation by 2.5% during the 3rd quarter. Elk Creek Partners LLC now owns 482,159 shares of the semiconductor company’s stock valued at $19,137,000 after acquiring an additional 11,601 shares in the last quarter.

IPHI has been the topic of several research analyst reports. Zacks Investment Research upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Cowen and Company restated a “buy” rating and issued a $45.00 price objective on shares of Inphi Corporation in a research note on Wednesday, November 1st. B. Riley upped their price objective on Inphi Corporation from $42.50 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BidaskClub upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Inphi Corporation in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Inphi Corporation has a consensus rating of “Buy” and a consensus price target of $44.50.

About Inphi Corporation

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.

Insider Buying and Selling by Quarter for Inphi Corporation (NYSE:IPHI)

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