Inphi Corporation (IPHI) Director Sells $326,160.00 in Stock
Inphi Corporation (NYSE:IPHI) Director Diosdado P. Banatao sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the sale, the director now directly owns 6,542 shares in the company, valued at $266,717.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Inphi Corporation (NYSE IPHI) opened at $40.10 on Friday. Inphi Corporation has a 1 year low of $33.00 and a 1 year high of $51.78. The company has a market cap of $1,700.00, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 3.69 and a beta of 1.04. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.
Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. Inphi Corporation had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm had revenue of $84.50 million during the quarter, compared to analyst estimates of $84.30 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts expect that Inphi Corporation will post 0.51 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. Albion Financial Group UT boosted its stake in shares of Inphi Corporation by 1.3% during the 2nd quarter. Albion Financial Group UT now owns 9,748 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 125 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Inphi Corporation by 6.3% during the second 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. Juncture Wealth Strategies LLC raised its holdings in shares of Inphi Corporation by 2.7% during the second quarter. Juncture Wealth Strategies LLC now owns 24,463 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 647 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Inphi Corporation by 1.4% during the second quarter. Rhumbline Advisers now owns 52,895 shares of the semiconductor company’s stock valued at $1,814,000 after purchasing an additional 742 shares during the last quarter. Finally, Gagnon Securities LLC increased its holdings in Inphi Corporation by 9.7% during the second quarter. Gagnon Securities LLC now owns 9,437 shares of the semiconductor company’s stock valued at $324,000 after buying an additional 836 shares during the last quarter.
IPHI has been the topic of a number of recent research reports. Deutsche Bank AG lowered their target price on Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. B. Riley reiterated a “buy” rating and set a $45.00 price target on shares of Inphi Corporation in a research note on Wednesday, August 2nd. Northland Securities reaffirmed a “hold” rating and issued a $30.00 price target on shares of Inphi Corporation in a report on Thursday, August 3rd. Zacks Investment Research lowered Inphi Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC decreased their price objective on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating on the stock in a research report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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