Principal Financial Group Inc. increased its position in Inphi Corporation (NYSE:IPHI) by 15.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,425 shares of the semiconductor company’s stock after buying an additional 3,493 shares during the period. Principal Financial Group Inc. owned 0.06% of Inphi Corporation worth $1,241,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in Inphi Corporation during the first quarter valued at about $169,000. US Bancorp DE raised its stake in Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 754 shares in the last quarter. Creative Planning raised its stake in Inphi Corporation by 367.5% in the first quarter. Creative Planning now owns 4,025 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 3,164 shares in the last quarter. Greenwood Capital Associates LLC acquired a new stake in Inphi Corporation during the first quarter valued at about $217,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Inphi Corporation by 17.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,776 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 701 shares in the last quarter.
Inphi Corporation (IPHI) opened at 36.19 on Friday. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The firm’s 50 day moving average price is $36.89 and its 200-day moving average price is $41.86. The stock has a market cap of $1.53 billion, a P/E ratio of 21.63 and a beta of 1.15.
Inphi Corporation (NYSE:IPHI) last issued its earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. Equities research analysts anticipate that Inphi Corporation will post $1.52 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on IPHI shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Inphi Corporation in a research note on Friday, July 14th. Roth Capital dropped their price target on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank AG dropped their price target on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. Craig Hallum reaffirmed a “buy” rating and set a $44.00 price target (down previously from $49.00) on shares of Inphi Corporation in a research note on Tuesday. Finally, Needham & Company LLC dropped their price target on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating for the company in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.77.
About Inphi Corporation
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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