Pictet Asset Management Ltd. raised its holdings in Inphi Corporation (NYSE:IPHI) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 605,276 shares of the semiconductor company’s stock after purchasing an additional 13,039 shares during the quarter. Pictet Asset Management Ltd. owned 1.43% of Inphi Corporation worth $24,023,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Nationwide Fund Advisors boosted its holdings in Inphi Corporation by 223.5% in the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock valued at $3,076,000 after purchasing an additional 53,544 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Inphi Corporation by 1,124.8% in the second quarter. Verition Fund Management LLC now owns 61,238 shares of the semiconductor company’s stock valued at $2,100,000 after purchasing an additional 56,238 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in Inphi Corporation by 3.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 255,450 shares of the semiconductor company’s stock valued at $8,762,000 after purchasing an additional 7,550 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Inphi Corporation by 6.3% in 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. Finally, Albion Financial Group UT boosted its holdings in Inphi Corporation by 1.3% in the second 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 during the last quarter.

IPHI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Cowen and Company reiterated a “buy” rating and issued a $45.00 price objective on shares of Inphi Corporation in a research report on Wednesday. B. Riley upped their price objective on shares of Inphi Corporation from $42.50 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub downgraded shares of Inphi Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Morgan Stanley decreased their price objective on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $44.50.

Inphi Corporation (NYSE:IPHI) opened at $40.00 on Friday. The company has a current ratio of 7.20, a quick ratio of 6.71 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1,691.36, a price-to-earnings ratio of 52.63, a PEG ratio of 3.56 and a beta of 1.04.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the 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 7.59%. The firm had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. research analysts forecast that Inphi Corporation will post 0.51 earnings per share for the current year.

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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.

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

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