Inphi Co. (IPHI) Director Diosdado P. Banatao Sells 29,656 Shares

Inphi Co. (NYSE:IPHI) Director Diosdado P. Banatao sold 29,656 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $39.60, for a total transaction of $1,174,377.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:IPHI opened at $41.35 on Tuesday. Inphi Co. has a 12-month low of $23.65 and a 12-month high of $42.34. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 71.29 and a beta of 1.38. The company has a current ratio of 9.27, a quick ratio of 8.62 and a debt-to-equity ratio of 1.17.

Inphi (NYSE:IPHI) last announced its earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Inphi had a negative net margin of 25.21% and a negative return on equity of 5.28%. The firm had revenue of $78.00 million for the quarter, compared to analyst estimates of $77.93 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. Equities analysts expect that Inphi Co. will post -0.63 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Inphi by 186.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,823 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Inphi during the 3rd quarter worth approximately $115,000. Sei Investments Co. grew its position in shares of Inphi by 118.7% during the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 1,932 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Inphi during the 2nd quarter worth approximately $203,000. Finally, Amalgamated Bank acquired a new position in shares of Inphi during the 2nd quarter worth approximately $216,000.

Several research firms have weighed in on IPHI. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Inphi in a report on Tuesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Inphi from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Barclays lowered their price target on shares of Inphi from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Finally, Zacks Investment Research cut shares of Inphi from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.29.

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About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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