Inphi Co. (IPHI) Stake Lowered by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY decreased its position in Inphi Co. (NYSE:IPHI) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the semiconductor company’s stock after selling 676 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.07% of Inphi worth $1,249,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP raised its stake in Inphi by 14.6% in the fourth quarter. Two Sigma Investments LP now owns 204,539 shares of the semiconductor company’s stock worth $9,127,000 after buying an additional 26,016 shares in the last quarter. Fiera Capital Corp purchased a new stake in Inphi during the fourth quarter worth $8,929,000. Franklin Resources Inc. raised its stake in Inphi by 151.2% in the fourth quarter. Franklin Resources Inc. now owns 51,500 shares of the semiconductor company’s stock worth $2,298,000 after buying an additional 31,000 shares in the last quarter. William Blair Investment Management LLC raised its stake in Inphi by 3.5% in the fourth quarter. William Blair Investment Management LLC now owns 718,342 shares of the semiconductor company’s stock worth $32,052,000 after buying an additional 24,202 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new stake in Inphi during the fourth quarter worth $915,000. Institutional investors own 97.62% of the company’s stock.

Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

Shares of Inphi Co. (NYSE:IPHI) traded up 0.59% during midday trading on Friday, hitting $44.42. 687,459 shares of the company traded hands. The stock has a market capitalization of $1.85 billion, a P/E ratio of 19.72 and a beta of 1.39. Inphi Co. has a 52 week low of $25.89 and a 52 week high of $51.78. The company has a 50-day moving average price of $45.58 and a 200-day moving average price of $44.86.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, February 7th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The company had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $76 million. Inphi had a net margin of 35.68% and a return on equity of 11.69%. Inphi’s revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Analysts anticipate that Inphi Co. will post $1.93 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $60.00 price objective on shares of Inphi in a report on Wednesday, March 22nd. Cowen and Company restated an “outperform” rating and issued a $65.00 price objective on shares of Inphi in a report on Saturday, March 11th. Zacks Investment Research lowered shares of Inphi from a “buy” rating to a “hold” rating in a report on Monday, February 13th. B. Riley restated a “buy” rating and issued a $60.00 price objective on shares of Inphi in a report on Saturday, February 11th. Finally, Jefferies Group LLC raised their price objective on shares of Inphi from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.11.

In other Inphi news, Director Diosdado P. Banatao sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $51.22, for a total value of $358,540.00. Following the transaction, the director now directly owns 3,214 shares of the company’s stock, valued at approximately $164,621.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Charles Roach sold 10,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $48.25, for a total transaction of $482,500.00. Following the completion of the transaction, the vice president now directly owns 68,798 shares in the company, valued at $3,319,503.50. The disclosure for this sale can be found here. Insiders sold a total of 104,134 shares of company stock worth $4,879,785 over the last three months. 4.22% of the stock is currently owned by corporate insiders.

About Inphi

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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