Inphi Co. (IPHI) CFO John Edmunds Sells 108,554 Shares

Inphi Co. (NYSE:IPHI) CFO John Edmunds sold 108,554 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $25.25, for a total value of $2,740,988.50. Following the completion of the sale, the chief financial officer now directly owns 163,597 shares of the company’s stock, valued at $4,130,824.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Inphi Co. (NYSE IPHI) opened at $24.44 on Monday. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,039.53, a price-to-earnings ratio of -13.73 and a beta of 0.97. Inphi Co. has a 1 year low of $23.65 and a 1 year high of $51.78.

Several equities analysts recently weighed in on the company. DA Davidson dropped their price objective on Inphi from $34.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. ValuEngine downgraded Inphi from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price objective on Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Northland Securities reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Inphi in a research note on Thursday, February 8th. Finally, Morgan Stanley dropped their price objective on Inphi from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.93.

A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new position in Inphi during the fourth quarter worth $711,000. Macquarie Group Ltd. increased its position in Inphi by 81.8% during the fourth quarter. Macquarie Group Ltd. now owns 84,237 shares of the semiconductor company’s stock worth $3,083,000 after buying an additional 37,890 shares in the last quarter. Sciencast Management LP purchased a new position in Inphi during the fourth quarter worth $292,000. TIAA CREF Investment Management LLC increased its position in Inphi by 229.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock worth $13,389,000 after buying an additional 254,835 shares in the last quarter. Finally, Folger Hill Asset Management LP increased its position in Inphi by 57.0% during the fourth quarter. Folger Hill Asset Management LP now owns 58,400 shares of the semiconductor company’s stock worth $2,137,000 after buying an additional 21,200 shares in the last quarter.

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Inphi Company Profile

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.

Insider Buying and Selling by Quarter for Inphi (NYSE:IPHI)

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