Inphi Co. (IPHI) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC decreased its position in shares of Inphi Co. (NYSE:IPHI) by 3.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 446,217 shares of the semiconductor company’s stock after selling 15,897 shares during the period. Frontier Capital Management Co. LLC owned about 1.02% of Inphi worth $16,947,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of Inphi by 473.3% in the 1st quarter. California Public Employees Retirement System now owns 41,063 shares of the semiconductor company’s stock worth $1,236,000 after buying an additional 33,900 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Inphi by 40.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 291,984 shares of the semiconductor company’s stock worth $8,789,000 after buying an additional 84,307 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Inphi by 65.8% in the 1st quarter. Guggenheim Capital LLC now owns 21,389 shares of the semiconductor company’s stock worth $644,000 after buying an additional 8,491 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Inphi in the 2nd quarter worth approximately $203,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Inphi in the 2nd quarter worth approximately $255,000.

IPHI has been the topic of several recent research reports. Northland Securities set a $27.00 price target on Inphi and gave the stock a “sell” rating in a research note on Wednesday, July 25th. Bank of America upped their price target on Inphi from $23.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 25th. DA Davidson upped their price target on Inphi to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. B. Riley upped their price target on Inphi from $36.00 to $36.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Finally, Needham & Company LLC upped their price target on Inphi from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.29.

IPHI stock opened at $34.74 on Friday. Inphi Co. has a 12-month low of $23.65 and a 12-month high of $44.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.90 and a current ratio of 7.42.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $77.93 million. Inphi had a negative return on equity of 5.20% and a negative net margin of 25.21%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. On average, research analysts anticipate that Inphi Co. will post -0.64 earnings per share for the current fiscal year.

In related news, VP Ron Torten sold 12,342 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $35.00, for a total value of $431,970.00. Following the transaction, the vice president now directly owns 64,386 shares of the company’s stock, valued at approximately $2,253,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 12,694 shares of company stock worth $444,709 over the last ninety days. 3.40% of the stock is currently owned by insiders.

About Inphi

Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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