Cortina Asset Management LLC increased its holdings in Inphi Co. (NYSE:IPHI) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,467 shares of the semiconductor company’s stock after purchasing an additional 29,676 shares during the period. Cortina Asset Management LLC’s holdings in Inphi were worth $7,630,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in IPHI. Epoch Investment Partners Inc. purchased a new stake in shares of Inphi in the 3rd quarter valued at $21,852,000. Quentec Asset Management LLC boosted its stake in shares of Inphi by 145.8% in the 3rd quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock valued at $17,790,000 after purchasing an additional 265,837 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Inphi by 51.3% in the 4th quarter. TCW Group Inc. now owns 673,410 shares of the semiconductor company’s stock valued at $24,647,000 after purchasing an additional 228,371 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Inphi by 60.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 557,240 shares of the semiconductor company’s stock valued at $22,117,000 after purchasing an additional 210,380 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Inphi by 705.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock valued at $7,619,000 after purchasing an additional 194,523 shares in the last quarter.
Inphi Co. (NYSE IPHI) opened at $28.18 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. Inphi Co. has a 1-year low of $23.65 and a 1-year high of $49.09. The company has a market cap of $1,213.06, a price-to-earnings ratio of -15.83 and a beta of 0.97.
A number of equities research analysts have recently issued reports on IPHI shares. Zacks Investment Research cut shares of Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley upped their price target on shares of Inphi from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Rosenblatt Securities lowered shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Thursday, December 7th. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price target (down from $47.00) on shares of Inphi in a report on Monday, January 22nd. Finally, B. Riley reiterated a “buy” rating and set a $48.00 price target (up from $42.50) on shares of Inphi in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.93.
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Inphi 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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