Inphi Co. (IPHI) VP Sells $434,039.87 in Stock

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Inphi Co. (NYSE:IPHI) VP Ron Torten sold 9,229 shares of Inphi stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $47.03, for a total value of $434,039.87. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ron Torten also recently made the following trade(s):

  • On Tuesday, April 16th, Ron Torten sold 3,597 shares of Inphi stock. The stock was sold at an average price of $47.94, for a total value of $172,440.18.
  • On Tuesday, April 2nd, Ron Torten sold 245 shares of Inphi stock. The stock was sold at an average price of $45.07, for a total value of $11,042.15.
  • On Friday, March 15th, Ron Torten sold 1,247 shares of Inphi stock. The stock was sold at an average price of $45.00, for a total value of $56,115.00.
  • On Friday, March 1st, Ron Torten sold 1,865 shares of Inphi stock. The stock was sold at an average price of $43.62, for a total value of $81,351.30.
  • On Thursday, February 7th, Ron Torten sold 47 shares of Inphi stock. The stock was sold at an average price of $39.28, for a total value of $1,846.16.

NYSE IPHI traded down $1.77 during midday trading on Thursday, hitting $45.75. The company had a trading volume of 760,613 shares, compared to its average volume of 682,786. The stock has a market capitalization of $2.09 billion, a PE ratio of -80.28, a P/E/G ratio of 6.16 and a beta of 1.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 7.93 and a quick ratio of 7.42. Inphi Co. has a twelve month low of $27.74 and a twelve month high of $48.21.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The firm had revenue of $86.53 million during the quarter, compared to analysts’ expectations of $86.64 million. Inphi had a negative return on equity of 5.43% and a negative net margin of 32.51%. On average, equities analysts expect that Inphi Co. will post 0.18 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Inphi by 71.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 500,705 shares of the semiconductor company’s stock valued at $19,016,000 after purchasing an additional 208,721 shares during the last quarter. LPL Financial LLC bought a new position in shares of Inphi in the 3rd quarter valued at $374,000. MetLife Investment Advisors LLC increased its stake in shares of Inphi by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 30,091 shares of the semiconductor company’s stock valued at $1,143,000 after purchasing an additional 10,667 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Inphi by 2.3% in the 3rd quarter. Teachers Advisors LLC now owns 83,064 shares of the semiconductor company’s stock valued at $3,155,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Inphi by 24.9% in the 3rd quarter. Legal & General Group Plc now owns 17,049 shares of the semiconductor company’s stock valued at $648,000 after purchasing an additional 3,396 shares during the last quarter.

Several analysts recently weighed in on the company. Zacks Investment Research cut Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank lifted their price objective on Inphi from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup lifted their price objective on Inphi to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Craig Hallum lifted their price objective on Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Finally, Needham & Company LLC lifted their price objective on Inphi to $46.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Inphi has a consensus rating of “Buy” and a consensus price target of $41.79.

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Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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Insider Buying and Selling by Quarter for Inphi (NYSE:IPHI)

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