Taylor Frigon Capital Management LLC lessened its position in shares of Inphi Co. (NYSE:IPHI) by 8.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,612 shares of the semiconductor company’s stock after selling 2,879 shares during the quarter. Inphi accounts for 1.6% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 15th largest holding. Taylor Frigon Capital Management LLC’s holdings in Inphi were worth $2,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Inphi by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,170,269 shares of the semiconductor company’s stock worth $208,930,000 after purchasing an additional 254,115 shares in the last quarter. State Street Corp lifted its holdings in Inphi by 0.3% during the 3rd quarter. State Street Corp now owns 1,148,983 shares of the semiconductor company’s stock worth $70,145,000 after purchasing an additional 3,559 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Inphi in the 2nd quarter valued at about $39,679,000. Millennium Management LLC raised its holdings in shares of Inphi by 29.7% in the 3rd quarter. Millennium Management LLC now owns 461,461 shares of the semiconductor company’s stock valued at $28,172,000 after acquiring an additional 105,597 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Inphi in the 3rd quarter valued at about $27,927,000.

Shares of Inphi stock traded down $3.00 during trading on Friday, hitting $81.11. 37,359 shares of the stock traded hands, compared to its average volume of 664,464. The company has a quick ratio of 6.83, a current ratio of 7.62 and a debt-to-equity ratio of 1.35. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -44.87, a PEG ratio of 4.91 and a beta of 1.61. The firm’s fifty day moving average is $76.60 and its 200-day moving average is $66.98. Inphi Co. has a 52 week low of $34.76 and a 52 week high of $84.97.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $94.23 million for the quarter, compared to analyst estimates of $90.09 million. Inphi had a positive return on equity of 0.46% and a negative net margin of 23.23%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. On average, analysts forecast that Inphi Co. will post -0.03 earnings per share for the current fiscal year.

In related news, VP Ron Torten sold 3,083 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.60, for a total transaction of $226,908.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.70, for a total value of $2,726,900.00. Insiders have sold a total of 54,960 shares of company stock worth $4,032,553 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Several analysts have weighed in on IPHI shares. Rosenblatt Securities reaffirmed a “hold” rating on shares of Inphi in a report on Monday, November 11th. B. Riley raised their price target on Inphi from $53.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. ValuEngine cut Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays reaffirmed a “buy” rating and issued a $90.00 price target on shares of Inphi in a report on Sunday, January 19th. Finally, Stifel Nicolaus set a $79.00 price target on Inphi and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Inphi currently has a consensus rating of “Buy” and an average target price of $76.93.

Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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