Inphi Corporation (IPHI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Inphi Corporation (NYSE:IPHI) by 4.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 16,900 shares of the semiconductor company’s stock after selling 700 shares during the period. California Public Employees Retirement System’s holdings in Inphi Corporation were worth $825,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of Inphi Corporation during the first quarter worth approximately $169,000. US Bancorp DE raised its position in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after buying an additional 754 shares during the period. Creative Planning raised its position in shares of Inphi Corporation by 367.5% in the first quarter. Creative Planning now owns 4,025 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,164 shares during the period. Greenwood Capital Associates LLC bought a new position in shares of Inphi Corporation during the first quarter worth approximately $217,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Inphi Corporation by 17.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,776 shares of the semiconductor company’s stock worth $233,000 after buying an additional 701 shares during the period.

Shares of Inphi Corporation (NYSE:IPHI) traded down 1.42% on Wednesday, hitting $36.74. 69,164 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $36.85 and its 200 day moving average is $41.66. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The firm has a market cap of $1.55 billion, a P/E ratio of 21.96 and a beta of 1.15.

Inphi Corporation (NYSE:IPHI) last posted its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. On average, equities analysts predict that Inphi Corporation will post $1.50 earnings per share for the current year.

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A number of research analysts recently commented on the stock. TheStreet lowered shares of Inphi Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $41.00 price target on shares of Inphi Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price target (down previously from $53.00) on shares of Inphi Corporation in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Inphi Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, Morgan Stanley decreased their price target on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Inphi Corporation presently has an average rating of “Buy” and a consensus price target of $44.58.

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.

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

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