Inphi Corporation (IPHI) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Inphi Corporation (NYSE:IPHI) by 15.9% during the first quarter, according to its most recent 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 approximately 0.06% of Inphi Corporation worth $1,241,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. OppenheimerFunds Inc. raised its position in shares of Inphi Corporation by 20.6% in the first quarter. OppenheimerFunds Inc. now owns 667,227 shares of the semiconductor company’s stock valued at $32,574,000 after buying an additional 113,937 shares in the last quarter. Cortina Asset Management LLC raised its position in shares of Inphi Corporation by 11.6% in the first quarter. Cortina Asset Management LLC now owns 174,108 shares of the semiconductor company’s stock valued at $8,500,000 after buying an additional 18,055 shares in the last quarter. S Squared Technology LLC raised its position in shares of Inphi Corporation by 103.2% in the first quarter. S Squared Technology LLC now owns 139,676 shares of the semiconductor company’s stock valued at $6,819,000 after buying an additional 70,942 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Inphi Corporation by 37.7% in the first quarter. Alliancebernstein L.P. now owns 82,328 shares of the semiconductor company’s stock valued at $4,019,000 after buying an additional 22,528 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Inphi Corporation by 30.0% in the first quarter. Neuberger Berman Group LLC now owns 26,000 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 6,000 shares in the last quarter.

Shares of Inphi Corporation (NYSE:IPHI) traded down 0.54% during midday trading on Friday, hitting $35.11. 622,587 shares of the stock were exchanged. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The firm has a market cap of $1.48 billion, a P/E ratio of 20.99 and a beta of 1.15. The firm has a 50 day moving average of $36.88 and a 200 day moving average of $41.50.

Inphi Corporation (NYSE:IPHI) last posted its earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The business had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. Equities analysts forecast that Inphi Corporation will post $1.50 EPS for the current fiscal year.

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Several brokerages have recently commented on IPHI. B. Riley restated a “buy” rating and issued a $42.50 price objective on shares of Inphi Corporation in a report on Saturday, August 12th. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price objective (down from $53.00) on shares of Inphi Corporation in a report on Wednesday, August 9th. Morgan Stanley decreased their price objective on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. Deutsche Bank AG decreased their price objective on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Finally, Craig Hallum restated a “buy” rating and issued a $44.00 price objective (down from $49.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.58.

Inphi Corporation Company Profile

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.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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