Inphi Co. (NYSE:IPHI) Director Sells $66,975.00 in Stock

Inphi Co. (NYSE:IPHI) Director Diosdado P. Banatao sold 1,500 shares of Inphi stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $44.65, for a total transaction of $66,975.00. Following the completion of the transaction, the director now directly owns 4,020 shares in the company, valued at approximately $179,493. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

IPHI traded up $0.13 during trading on Friday, reaching $50.10. 1,018,619 shares of the stock were exchanged, compared to its average volume of 674,840. The company has a market cap of $2.26 billion, a PE ratio of -87.89 and a beta of 1.50. Inphi Co. has a twelve month low of $29.56 and a twelve month high of $51.83. The business’s 50 day moving average price is $46.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13.

Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.08). The business had revenue of $82.20 million for the quarter, compared to the consensus estimate of $80.97 million. Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. The firm’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. On average, equities analysts anticipate that Inphi Co. will post -0.07 EPS for the current year.

Several large investors have recently added to or reduced their stakes in IPHI. First Trust Advisors LP grew its stake in shares of Inphi by 26.4% in the first quarter. First Trust Advisors LP now owns 46,998 shares of the semiconductor company’s stock valued at $2,056,000 after acquiring an additional 9,812 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Inphi during the first quarter worth about $30,000. Marshall Wace LLP bought a new stake in Inphi during the first quarter worth about $70,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Inphi during the first quarter worth about $65,000. Finally, Origin Asset Management LLP bought a new stake in Inphi during the first quarter worth about $301,000.

IPHI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Inphi from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Deutsche Bank boosted their price objective on shares of Inphi from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Northland Securities reissued a “sell” rating and issued a $34.00 price objective on shares of Inphi in a research report on Wednesday, May 1st. Needham & Company LLC boosted their price objective on shares of Inphi from $40.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, DA Davidson cut their price objective on shares of Inphi to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.46.

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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