Inphi Co. (NYSE:IPHI) was up 6.4% during trading on Wednesday . The company traded as high as $32.35 and last traded at $30.04. Approximately 1,572,218 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 984,791 shares. The stock had previously closed at $32.09.

A number of equities research analysts have recently commented on IPHI shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $45.00 target price on shares of Inphi in a report on Friday, January 19th. Jefferies Group set a $50.00 target price on shares of Inphi and gave the company a “buy” rating in a report on Wednesday, October 18th. DA Davidson reaffirmed a “hold” rating and issued a $34.00 target price on shares of Inphi in a report on Thursday, January 25th. B. Riley cut shares of Inphi to a “buy” rating in a report on Thursday, December 7th. Finally, BidaskClub cut shares of Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Inphi currently has a consensus rating of “Buy” and a consensus price target of $43.25.

The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. The stock has a market capitalization of $1,260.00, a P/E ratio of -22.01, a PEG ratio of 3.24 and a beta of 0.97.

In other Inphi news, VP Charles Roach sold 14,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $567,000.00. Following the transaction, the vice president now directly owns 93,947 shares in the company, valued at $3,804,853.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Diosdado P. Banatao sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.34, for a total transaction of $685,780.00. Following the transaction, the director now owns 6,542 shares in the company, valued at $263,904.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,298 shares of company stock worth $3,836,117. Company insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas acquired a new position in Inphi during the fourth quarter worth about $476,000. Stephens Investment Management Group LLC grew its position in Inphi by 4.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 210,674 shares of the semiconductor company’s stock worth $7,711,000 after buying an additional 8,411 shares during the period. First Mercantile Trust Co. grew its position in Inphi by 50.6% during the fourth quarter. First Mercantile Trust Co. now owns 15,666 shares of the semiconductor company’s stock worth $574,000 after buying an additional 5,266 shares during the period. American Century Companies Inc. grew its position in Inphi by 26.5% during the fourth quarter. American Century Companies Inc. now owns 93,707 shares of the semiconductor company’s stock worth $3,430,000 after buying an additional 19,614 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new position in Inphi during the fourth quarter worth about $106,000.

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About Inphi

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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