Inphi Co. (NYSE:IPHI) VP Ron Torten sold 6,302 shares of the stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $44.12, for a total transaction of $278,044.24. Following the transaction, the vice president now directly owns 49,506 shares in the company, valued at approximately $2,184,204.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ron Torten also recently made the following trade(s):
- On Thursday, April 6th, Ron Torten sold 234 shares of Inphi stock. The stock was sold at an average price of $45.63, for a total transaction of $10,677.42.
Inphi Co. (NYSE:IPHI) traded up 0.16% during midday trading on Friday, reaching $44.23. 489,600 shares of the company traded hands. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.63 and a beta of 1.39. Inphi Co. has a 12 month low of $25.89 and a 12 month high of $51.78. The firm’s 50 day moving average price is $45.58 and its 200 day moving average price is $44.86.
Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, February 7th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Inphi had a net margin of 35.68% and a return on equity of 11.69%. The company earned $80.90 million during the quarter, compared to the consensus estimate of $76 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 53.2% on a year-over-year basis. On average, analysts expect that Inphi Co. will post $1.93 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in IPHI. Prudential Financial Inc. increased its position in shares of Inphi by 6.3% in the third quarter. Prudential Financial Inc. now owns 48,072 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 2,830 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Inphi during the third quarter worth $2,334,000. OZ Management LP bought a new position in shares of Inphi during the third quarter worth $3,091,000. Franklin Resources Inc. increased its position in shares of Inphi by 151.2% in the fourth quarter. Franklin Resources Inc. now owns 51,500 shares of the semiconductor company’s stock worth $2,298,000 after buying an additional 31,000 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Inphi by 3.5% in the fourth quarter. William Blair Investment Management LLC now owns 718,342 shares of the semiconductor company’s stock worth $32,052,000 after buying an additional 24,202 shares in the last quarter. 97.62% of the stock is owned by institutional investors.
Several brokerages have recently commented on IPHI. Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Inphi in a research report on Thursday, February 23rd. Cowen and Company raised shares of Inphi from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $44.00 to $56.00 in a research report on Wednesday, February 8th. Jefferies Group LLC increased their price target on shares of Inphi from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Needham & Company LLC increased their price target on shares of Inphi from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Inphi in a research report on Saturday, February 11th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.11.
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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