Insider Selling: Inphi Corporation (IPHI) VP Sells 28,000 Shares of Stock

Inphi Corporation (NYSE:IPHI) VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $40.27, for a total value of $1,127,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Charles Roach also recently made the following trade(s):

  • On Wednesday, November 15th, Charles Roach sold 28,000 shares of Inphi Corporation stock. The stock was sold at an average price of $39.94, for a total value of $1,118,320.00.
  • On Monday, November 13th, Charles Roach sold 14,000 shares of Inphi Corporation stock. The stock was sold at an average price of $40.50, for a total value of $567,000.00.

Shares of Inphi Corporation (NYSE IPHI) traded up $1.05 during trading on Monday, hitting $41.15. The stock had a trading volume of 499,265 shares, compared to its average volume of 970,514. The stock has a market cap of $1,740.00, a PE ratio of 52.76, a price-to-earnings-growth ratio of 3.69 and a beta of 1.04. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78.

Inphi Corporation (NYSE:IPHI) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.27. The firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. equities analysts expect that Inphi Corporation will post 0.51 EPS for the current year.

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Several research analysts have recently commented on IPHI shares. Roth Capital decreased their price objective on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Jefferies Group LLC set a $50.00 price objective on Inphi Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Craig Hallum reissued a “buy” rating and set a $44.00 target price (down previously from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Needham & Company LLC decreased their target price on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 7th. Finally, Zacks Investment Research downgraded Inphi Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.50.

Several institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Inphi Corporation by 56.1% in the 3rd quarter. California Public Employees Retirement System now owns 9,679 shares of the semiconductor company’s stock worth $384,000 after purchasing an additional 3,479 shares during the period. Zions Bancorporation purchased a new position in shares of Inphi Corporation in the 3rd quarter worth approximately $153,000. Quentec Asset Management LLC boosted its holdings in shares of Inphi Corporation by 145.8% in the 3rd quarter. Quentec Asset Management LLC now owns 448,216 shares of the semiconductor company’s stock worth $17,790,000 after purchasing an additional 265,837 shares during the period. Epoch Investment Partners Inc. purchased a new position in shares of Inphi Corporation in the 3rd quarter worth approximately $21,852,000. Finally, Elk Creek Partners LLC boosted its holdings in shares of Inphi Corporation by 2.5% in the 3rd quarter. Elk Creek Partners LLC now owns 482,159 shares of the semiconductor company’s stock worth $19,137,000 after purchasing an additional 11,601 shares during the period.

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.

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

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