Osterweis Capital Management Inc. reduced its stake in Inphi Corporation (NYSE:IPHI) by 43.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,164 shares of the semiconductor company’s stock after selling 67,482 shares during the quarter. Osterweis Capital Management Inc. owned approximately 0.21% of Inphi Corporation worth $2,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in Inphi Corporation in the 2nd quarter valued at $319,000. BlueCrest Capital Management Ltd raised its position in Inphi Corporation by 13.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 26,757 shares of the semiconductor company’s stock valued at $918,000 after buying an additional 3,257 shares during the last quarter. State Street Corp raised its position in Inphi Corporation by 9.6% in the 2nd quarter. State Street Corp now owns 1,047,251 shares of the semiconductor company’s stock valued at $35,924,000 after buying an additional 92,014 shares during the last quarter. Capital Research Global Investors raised its position in Inphi Corporation by 3.7% in the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after buying an additional 180,367 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Inphi Corporation by 12.6% in the 2nd quarter. Stifel Financial Corp now owns 274,262 shares of the semiconductor company’s stock valued at $9,441,000 after buying an additional 30,594 shares during the last quarter.

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IPHI has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Inphi Corporation in a research report on Friday, July 14th. Roth Capital lowered their price target on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Craig Hallum reissued a “buy” rating and issued a $44.00 price target (down from $49.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. Needham & Company LLC lowered their price target on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered Inphi Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.13.

Shares of Inphi Corporation (NYSE IPHI) traded up 2.36% during midday trading on Friday, hitting $39.41. The stock had a trading volume of 595,637 shares. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The stock’s 50-day moving average is $38.21 and its 200-day moving average is $39.38. The stock has a market cap of $1.67 billion, a PE ratio of 23.56 and a beta of 1.19.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. Inphi Corporation’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities analysts anticipate that Inphi Corporation will post $1.52 EPS for the current year.

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.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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