Inphi Co. (NASDAQ:IPHI) VP Ron Torten Sells 966 Shares


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Inphi Co. (NASDAQ:IPHI) VP Ron Torten sold 966 shares of the stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $170.30, for a total value of $164,509.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of IPHI stock traded down $1.74 during trading hours on Tuesday, reaching $164.55. The company had a trading volume of 17,802 shares, compared to its average volume of 735,767. Inphi Co. has a 12 month low of $55.72 and a 12 month high of $182.22. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.44. The business has a fifty day simple moving average of $170.41 and a 200-day simple moving average of $153.79. The company has a market cap of $8.58 billion, a price-to-earnings ratio of -127.22, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Inphi (NASDAQ:IPHI) last posted its earnings results on Monday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Inphi had a positive return on equity of 15.33% and a negative net margin of 10.22%. The company had revenue of $187.54 million for the quarter, compared to analyst estimates of $187.95 million. During the same quarter last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 82.3% on a year-over-year basis. On average, equities research analysts expect that Inphi Co. will post 1.29 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of IPHI. NEXT Financial Group Inc purchased a new stake in shares of Inphi during the third quarter valued at approximately $28,000. Marshall Wace North America L.P. purchased a new stake in shares of Inphi during the first quarter valued at approximately $30,000. Altshuler Shaham Ltd increased its position in shares of Inphi by 167.0% during the third quarter. Altshuler Shaham Ltd now owns 283 shares of the company’s stock valued at $32,000 after acquiring an additional 177 shares during the last quarter. Signaturefd LLC increased its position in shares of Inphi by 29,500.0% during the third quarter. Signaturefd LLC now owns 296 shares of the company’s stock valued at $33,000 after acquiring an additional 295 shares during the last quarter. Finally, Capstone Triton Financial Group LLC purchased a new stake in shares of Inphi during the fourth quarter valued at approximately $45,000. 94.42% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on IPHI. Rosenblatt Securities increased their price target on Inphi from $158.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Craig Hallum upped their target price on Inphi from $156.00 to $182.00 and gave the company a “hold” rating in a research report on Monday, February 8th. Barclays lowered Inphi from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $145.00 to $180.00 in a research report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft upped their target price on Inphi from $182.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, Stifel Nicolaus lowered Inphi from a “buy” rating to a “hold” rating and set a $182.00 target price on the stock. in a research report on Monday, January 11th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $159.38.

Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets in China, the United States, Thailand, and internationally. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption.

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

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