Cornerstone Capital Management Holdings LLC. Has $271,000 Holdings in Inphi Corporation (IPHI)

Cornerstone Capital Management Holdings LLC. lowered its position in Inphi Corporation (NYSE:IPHI) by 48.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,861 shares of the semiconductor company’s stock after selling 6,550 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Inphi were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. FMR LLC raised its position in shares of Inphi by 1,047.9% in the second 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 during the period. Capital Research Global Investors increased its stake in shares of Inphi by 3.7% during the second quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after purchasing an additional 180,367 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Inphi by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after purchasing an additional 97,957 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Inphi by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock worth $115,581,000 after purchasing an additional 153,355 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Inphi by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock worth $48,095,000 after purchasing an additional 837,600 shares in the last quarter.

Shares of Inphi Corporation (IPHI) opened at $37.19 on Friday. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The stock has a market cap of $1,589.05, a PE ratio of -27.35, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.27. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The company had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter in the prior year, the company earned $0.46 EPS. Inphi’s revenue was up 19.4% compared to the same quarter last year. equities analysts expect that Inphi Corporation will post 0.51 earnings per share for the current year.

IPHI has been the subject of a number of research reports. Cowen reissued a “buy” rating and set a $45.00 target price on shares of Inphi in a research note on Wednesday, November 1st. B. Riley boosted their target price on shares of Inphi from $42.50 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Jefferies Group set a $50.00 target price on shares of Inphi and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BidaskClub raised shares of Inphi from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Inphi in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Inphi currently has an average rating of “Buy” and an average price target of $45.00.

In other Inphi news, VP Charles Roach sold 14,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total value of $567,000.00. Following the transaction, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,804,853.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diosdado P. Banatao sold 5,000 shares of the business’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 completion of the transaction, the director now owns 6,542 shares in the company, valued at $265,278.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,238 shares of company stock valued at $4,037,064. 3.60% of the stock is owned by corporate insiders.

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Inphi 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.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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