Inphi Co. (NYSE:IPHI) Director Sam Srinivasan acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $24.93 per share, with a total value of $124,650.00. Following the acquisition, the director now owns 18,865 shares in the company, valued at approximately $470,304.45. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Inphi Co. (IPHI) opened at $25.20 on Wednesday. Inphi Co. has a twelve month low of $23.65 and a twelve month high of $51.78. The stock has a market capitalization of $1,039.52, a price-to-earnings ratio of 48.88 and a beta of 0.97. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02.
A number of institutional investors have recently made changes to their positions in IPHI. Zevenbergen Capital Investments LLC lifted its holdings in shares of Inphi by 2.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock worth $32,115,000 after buying an additional 16,255 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Inphi during the third quarter worth $651,000. Nationwide Fund Advisors lifted its holdings in shares of Inphi by 223.5% during the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock worth $3,076,000 after buying an additional 53,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Inphi by 705.0% during the second quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock worth $7,619,000 after buying an additional 194,523 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Inphi by 25.0% during the third quarter. Legal & General Group Plc now owns 21,462 shares of the semiconductor company’s stock worth $850,000 after buying an additional 4,297 shares in the last quarter.
Several research firms have recently commented on IPHI. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Inphi in a report on Tuesday, November 14th. B. Riley reissued a “buy” rating and issued a $48.00 price objective (up previously from $42.50) on shares of Inphi in a report on Thursday, November 2nd. Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Inphi in a report on Wednesday, November 1st. Rosenblatt Securities downgraded Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Thursday, December 7th. Finally, BidaskClub raised Inphi from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.93.
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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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