Pictet Asset Management Ltd. boosted its stake in shares of Inphi Corporation (NYSE:IPHI) by 45.9% during the second quarter, Holdings Channel reports. The firm owned 592,237 shares of the semiconductor company’s stock after buying an additional 186,348 shares during the period. Pictet Asset Management Ltd.’s holdings in Inphi Corporation were worth $23,500,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IPHI. TD Asset Management Inc. increased its stake in shares of Inphi Corporation by 60.8% in the second quarter. TD Asset Management Inc. now owns 12,700 shares of the semiconductor company’s stock valued at $436,000 after buying an additional 4,800 shares during the period. Princeton Capital Management Inc. purchased a new stake in shares of Inphi Corporation during the second quarter valued at $498,000. Emerald Mutual Fund Advisers Trust increased its stake in shares of Inphi Corporation by 75.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 197,921 shares of the semiconductor company’s stock valued at $6,789,000 after buying an additional 85,301 shares during the period. Emerald Advisers Inc. PA increased its stake in shares of Inphi Corporation by 37.4% in the second quarter. Emerald Advisers Inc. PA now owns 262,142 shares of the semiconductor company’s stock valued at $8,991,000 after buying an additional 71,420 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in shares of Inphi Corporation by 32.3% in the second quarter. Moody Aldrich Partners LLC now owns 7,025 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 1,715 shares during the period.

Shares of Inphi Corporation (IPHI) opened at 36.01 on Friday. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The firm has a 50-day moving average of $36.93 and a 200-day moving average of $41.93. The company has a market cap of $1.52 billion, a P/E ratio of 21.52 and a beta of 1.15.

Inphi Corporation (NYSE:IPHI) last issued its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $84 million. During the same quarter in the prior year, the business posted $0.32 EPS. Inphi Corporation’s revenue for the quarter was up 39.5% compared to the same quarter last year. Equities research analysts forecast that Inphi Corporation will post $1.52 earnings per share for the current year.

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Several brokerages recently weighed in on IPHI. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target (down previously from $53.00) on shares of Inphi Corporation in a research report on Wednesday. Morgan Stanley reduced their price target 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. Deutsche Bank AG reduced their price target on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday. Craig Hallum reissued a “buy” rating and set a $44.00 price target (down previously from $49.00) on shares of Inphi Corporation in a research report on Tuesday. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $50.00 price target (down previously from $54.00) on shares of Inphi Corporation in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Inphi Corporation presently has an average rating of “Buy” and an average target price of $44.77.

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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