Macquarie Group Ltd. trimmed its position in shares of Inphi Corporation (NYSE:IPHI) by 25.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,560 shares of the semiconductor company’s stock after selling 163,405 shares during the quarter. Macquarie Group Ltd. owned approximately 1.13% of Inphi Corporation worth $16,346,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Inphi Corporation during the 2nd quarter valued at approximately $118,000. FNY Partners Fund LP increased its holdings in Inphi Corporation by 1,345.0% in the 1st quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 2,932 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Inphi Corporation by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,940 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Inphi Corporation in the 1st quarter worth $169,000. Finally, US Bancorp DE increased its holdings in Inphi Corporation by 27.5% in the 1st quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after acquiring an additional 754 shares in the last quarter.
Shares of Inphi Corporation (NYSE:IPHI) opened at 38.29 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 22.89 and a beta of 1.19. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The stock’s 50 day moving average is $38.62 and its 200-day moving average is $39.19.
Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The business had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. Equities analysts anticipate that Inphi Corporation will post $1.52 EPS for the current fiscal year.
Several brokerages recently commented on IPHI. B. Riley reissued a “buy” rating and issued a $45.00 price target on shares of Inphi Corporation in a report on Wednesday, August 2nd. J P Morgan Chase & Co reissued an “overweight” rating and issued a $50.00 price target (down previously from $54.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. BidaskClub raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Deutsche Bank AG cut their price target on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Roth Capital cut their price target on shares of Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.13.
Inphi Corporation Company 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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