Zevenbergen Capital Investments LLC lifted its position in shares of Inphi Corporation (NYSE:IPHI) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,140 shares of the semiconductor company’s stock after acquiring an additional 16,255 shares during the quarter. Inphi accounts for about 1.4% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 26th biggest position. Zevenbergen Capital Investments LLC owned about 1.90% of Inphi worth $32,115,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Inphi by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after acquiring an additional 5,380,825 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Inphi by 3.7% during the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after acquiring an additional 180,367 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Inphi by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after acquiring an additional 97,957 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Inphi by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock worth $115,581,000 after acquiring an additional 153,355 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Inphi by 148.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after acquiring an additional 837,600 shares in the last quarter.
Shares of Inphi Corporation (NYSE IPHI) opened at $42.46 on Monday. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,800.00, a P/E ratio of 55.87, a P/E/G ratio of 3.91 and a beta of 1.04.
Inphi (NYSE:IPHI) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. Inphi’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. equities analysts forecast that Inphi Corporation will post 0.51 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Inphi from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. DA Davidson assumed coverage on Inphi in a research note on Monday, October 16th. They issued a “neutral” rating and a $40.00 target price on the stock. BidaskClub raised Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 target price (down previously from $53.00) on shares of Inphi in a research note on Wednesday, August 9th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $33.00 target price on shares of Inphi in a research note on Friday, September 15th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.50.
In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total value of $326,160.00. Following the completion of the transaction, the director now directly owns 6,542 shares in the company, valued at approximately $266,717.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diosdado P. Banatao sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the transaction, the director now owns 6,542 shares of the company’s stock, valued at $265,278.10. The disclosure for this sale can be found here. Insiders sold a total of 100,238 shares of company stock valued at $4,037,064 over the last quarter. 3.60% of the stock is currently owned by insiders.
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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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