Scout Investments Inc. lowered its position in shares of Inphi Co. (NYSE:IPHI) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,358 shares of the semiconductor company’s stock after selling 8,747 shares during the quarter. Scout Investments Inc. owned about 0.24% of Inphi worth $6,554,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of IPHI. Marshall Wace North America L.P. bought a new position in Inphi in the first quarter valued at about $30,000. Ladenburg Thalmann Financial Services Inc. grew its position in Inphi by 56.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 727 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 262 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in Inphi in the second quarter valued at about $40,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Inphi in the first quarter valued at about $65,000. Finally, Strs Ohio bought a new position in Inphi in the second quarter valued at about $70,000.
In other Inphi news, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $63.44, for a total value of $2,347,280.00. Following the transaction, the chief executive officer now directly owns 402,560 shares of the company’s stock, valued at $25,538,406.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Charles Roach sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $62.16, for a total value of $124,320.00. Following the completion of the transaction, the vice president now directly owns 111,996 shares in the company, valued at $6,961,671.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,000 shares of company stock worth $2,970,580. 3.30% of the stock is owned by insiders.
Inphi stock opened at $62.48 on Thursday. The stock’s 50 day moving average is $61.81 and its 200 day moving average is $53.64. The company has a debt-to-equity ratio of 1.34, a current ratio of 7.69 and a quick ratio of 7.06. The firm has a market cap of $2.84 billion, a P/E ratio of -109.61 and a beta of 1.57. Inphi Co. has a one year low of $29.56 and a one year high of $66.56.
Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.43. The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.41 million. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities analysts anticipate that Inphi Co. will post -0.11 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Bank of America lifted their price target on Inphi from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Zacks Investment Research raised Inphi from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday. Cowen lifted their price target on Inphi from $53.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Barclays lifted their price target on Inphi from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, Craig Hallum lifted their price target on Inphi from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Inphi has a consensus rating of “Buy” and an average price target of $58.23.
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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