Public Employees Retirement System of Ohio Takes Position in Inphi Co. (NYSE:IPHI)

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Public Employees Retirement System of Ohio bought a new stake in shares of Inphi Co. (NYSE:IPHI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,600 shares of the semiconductor company’s stock, valued at approximately $3,537,000. Public Employees Retirement System of Ohio owned about 0.16% of Inphi at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Zions Bancorporation N.A. increased its holdings in Inphi by 6.3% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 256 shares during the last quarter. Rhumbline Advisers increased its holdings in Inphi by 1.1% in the 1st quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock worth $2,591,000 after acquiring an additional 667 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Inphi in the 1st quarter worth about $30,000. State Board of Administration of Florida Retirement System increased its holdings in Inphi by 4.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock worth $987,000 after acquiring an additional 780 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Inphi in the 2nd quarter worth about $40,000.

Several brokerages recently weighed in on IPHI. DA Davidson decreased their price objective on Inphi to $52.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Bank of America set a $68.00 price objective on Inphi and gave the stock a “buy” rating in a report on Monday, July 15th. Cowen lifted their price objective on Inphi from $53.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. B. Riley lifted their price objective on Inphi from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered Inphi from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Inphi has a consensus rating of “Buy” and an average target price of $57.00.

NYSE IPHI traded up $0.65 during trading hours on Friday, hitting $62.64. The company had a trading volume of 907,424 shares, compared to its average volume of 866,537. Inphi Co. has a 52 week low of $29.56 and a 52 week high of $66.56. The firm has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $51.28. The company has a quick ratio of 7.06, a current ratio of 7.69 and a debt-to-equity ratio of 1.34.

Inphi (NYSE:IPHI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.43. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. Research analysts anticipate that Inphi Co. will post -0.11 earnings per share for the current fiscal year.

In other news, VP Charles Roach sold 2,000 shares of Inphi stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $60.48, for a total transaction of $120,960.00. Following the completion of the sale, the vice president now owns 113,206 shares in the company, valued at approximately $6,846,698.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Edmunds sold 10,141 shares of Inphi stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $50.00, for a total value of $507,050.00. Following the sale, the chief financial officer now owns 255,283 shares of the company’s stock, valued at approximately $12,764,150. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,141 shares of company stock valued at $3,477,630. 3.30% of the stock is owned by corporate insiders.

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.

Further Reading: Oversold

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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