3,470 Shares in Inphi Corporation (IPHI) Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. acquired a new position in Inphi Corporation (NYSE:IPHI) during the first quarter, Holdings Channel reports. The institutional investor acquired 3,470 shares of the semiconductor company’s stock, valued at approximately $169,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Inphi Corporation by 51.1% in the first quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 369,338 shares in the last quarter. State Street Corp increased its position in shares of Inphi Corporation by 4.9% in the fourth quarter. State Street Corp now owns 888,065 shares of the semiconductor company’s stock worth $39,621,000 after buying an additional 41,431 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Inphi Corporation 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. Columbus Circle Investors increased its position in shares of Inphi Corporation by 100.3% in the first quarter. Columbus Circle Investors now owns 618,822 shares of the semiconductor company’s stock worth $30,211,000 after buying an additional 309,846 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Inphi Corporation by 29.1% in the fourth quarter. Ranger Investment Management L.P. now owns 441,905 shares of the semiconductor company’s stock worth $19,718,000 after buying an additional 99,530 shares in the last quarter.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

Inphi Corporation (IPHI) opened at 38.03 on Tuesday. Inphi Corporation has a 12-month low of $25.89 and a 12-month high of $51.78. The stock has a market capitalization of $1.60 billion, a P/E ratio of 18.92 and a beta of 1.17. The firm’s 50-day moving average is $38.49 and its 200 day moving average is $44.06.

Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $93.58 million during the quarter, compared to analysts’ expectations of $93.49 million. Inphi Corporation had a return on equity of 11.23% and a net margin of 28.77%. Equities research analysts anticipate that Inphi Corporation will post $1.64 earnings per share for the current year.

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A number of equities analysts have recently issued reports on IPHI shares. Deutsche Bank AG cut their price target on shares of Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Cowen and Company reiterated an “outperform” rating and issued a $65.00 price target on shares of Inphi Corporation in a report on Saturday, March 11th. Jefferies Group LLC cut their price target on shares of Inphi Corporation from $60.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Inphi Corporation in a report on Wednesday, March 22nd. Finally, BidaskClub downgraded shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Inphi Corporation currently has an average rating of “Buy” and a consensus price target of $51.58.

In other Inphi Corporation news, General Counsel Richard Ogawa sold 4,303 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $44.12, for a total transaction of $189,848.36. Following the completion of the sale, the general counsel now owns 43,561 shares of the company’s stock, valued at $1,921,911.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ron Torten sold 6,302 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $44.12, for a total value of $278,044.24. Following the sale, the vice president now directly owns 49,506 shares of the company’s stock, valued at approximately $2,184,204.72. The disclosure for this sale can be found here. In the last three months, insiders sold 14,660 shares of company stock valued at $652,458. 4.22% of the stock is currently owned by company insiders.

About Inphi Corporation

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IPHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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