Jane Street Group LLC Trims Holdings in Inphi Corporation (IPHI)

Jane Street Group LLC cut its position in Inphi Corporation (NYSE:IPHI) by 56.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,609 shares of the semiconductor company’s stock after selling 7,352 shares during the period. Jane Street Group LLC’s holdings in Inphi were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its position in shares of Inphi by 1,047.9% in the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after purchasing an additional 5,380,825 shares during the last quarter. Capital Research Global Investors increased its position in shares of Inphi by 3.7% in the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after purchasing an additional 180,367 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Inphi by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after purchasing an additional 97,957 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Inphi by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after purchasing an additional 153,355 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Inphi by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after buying an additional 837,600 shares during the last quarter.

Several research firms have recently commented on IPHI. Morgan Stanley raised their target price on shares of Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. B. Riley cut shares of Inphi to a “buy” rating in a research note on Thursday, December 7th. Rosenblatt Securities cut shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research note on Thursday, December 7th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Inphi in a research note on Tuesday, November 14th. Finally, Cowen reiterated a “buy” rating and issued a $45.00 price objective on shares of Inphi in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.00.

In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diosdado P. Banatao sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total transaction of $202,750.00. Following 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 have sold a total of 100,238 shares of company stock valued at $4,037,064 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Shares of Inphi Corporation (NYSE IPHI) opened at $38.72 on Friday. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi Corporation has a 52 week low of $33.00 and a 52 week high of $51.78. The company has a market cap of $1,664.34, a PE ratio of -28.47, a P/E/G ratio of 3.77 and a beta of 1.01.

Inphi (NYSE:IPHI) last posted its 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. Inphi had a negative net margin of 57.70% and a negative return on equity of 46.23%. The firm had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. During the same period last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. research analysts forecast that Inphi Corporation will post 0.51 EPS for the current fiscal year.

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Inphi 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 (NYSE:IPHI)

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