Symphony Asset Management LLC lifted its position in shares of Inphi Corporation (NYSE:IPHI) by 21.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 81,596 shares of the semiconductor company’s stock after buying an additional 14,446 shares during the period. Symphony Asset Management LLC owned 0.19% of Inphi Corporation worth $2,798,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Partners Fund LP lifted its stake in shares of Inphi Corporation by 1,345.0% during the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 2,932 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Inphi Corporation during the first quarter valued at approximately $169,000. US Bancorp DE lifted its stake in shares of Inphi Corporation by 27.5% during the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 754 shares during the period. Greenwood Capital Associates LLC purchased a new position in shares of Inphi Corporation during the first quarter valued at approximately $217,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Inphi Corporation by 422.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 3,940 shares during the period.
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Inphi Corporation (IPHI) traded up 3.259% during midday trading on Monday, hitting $37.225. 101,375 shares of the stock traded hands. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78. The firm has a market cap of $1.57 billion, a P/E ratio of 22.250 and a beta of 1.14. The company has a 50-day moving average price of $37.06 and a 200-day moving average price of $40.23.
Inphi Corporation (NYSE:IPHI) last posted its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Analysts predict that Inphi Corporation will post $1.50 EPS for the current year.
Several equities analysts recently issued reports on IPHI shares. Rosenblatt Securities reissued a “buy” rating and set a $41.00 price objective on shares of Inphi Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 price target on shares of Inphi Corporation in a research note on Thursday, July 6th. B. Riley reaffirmed a “buy” rating and set a $45.00 price target on shares of Inphi Corporation in a research note on Wednesday, August 2nd. Deutsche Bank AG cut their price target on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Inphi Corporation in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.58.
Inphi Corporation 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.
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