Schwab Charles Investment Management Inc. lifted its position in Inphi Corporation (NYSE:IPHI) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,801 shares of the semiconductor company’s stock after buying an additional 5,562 shares during the period. Schwab Charles Investment Management Inc. owned about 0.41% of Inphi Corporation worth $5,996,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of IPHI. BlackRock Inc. lifted its stake in shares of Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Inphi Corporation in the first quarter worth approximately $18,202,000. Kornitzer Capital Management Inc. KS lifted its stake in shares of Inphi Corporation by 130.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 489,500 shares of the semiconductor company’s stock worth $16,790,000 after buying an additional 276,695 shares in the last quarter. FMR LLC lifted its stake in shares of Inphi Corporation by 108.6% in the first quarter. FMR LLC now owns 513,508 shares of the semiconductor company’s stock worth $25,070,000 after buying an additional 267,379 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Inphi Corporation by 45.9% in the second quarter. Pictet Asset Management Ltd. now owns 592,237 shares of the semiconductor company’s stock worth $23,500,000 after buying an additional 186,348 shares in the last quarter.
IPHI has been the subject of several research reports. BidaskClub cut shares of Inphi Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Rosenblatt Securities reissued a “buy” rating and set a $41.00 price objective on shares of Inphi Corporation in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price objective on shares of Inphi Corporation in a report on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.13.
Shares of Inphi Corporation (IPHI) opened at 39.01 on Wednesday. The firm’s 50-day moving average is $38.46 and its 200-day moving average is $39.19. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The stock has a market capitalization of $1.65 billion, a PE ratio of 23.32 and a beta of 1.19.
Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company had revenue of $84.40 million during the quarter, compared to analyst estimates of $84.00 million. During the same period last year, the firm posted $0.32 EPS. Inphi Corporation’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts expect that Inphi Corporation will post $1.52 earnings per share for the current fiscal year.
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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