Inphi Co. (IPHI) CEO Sells $1,480,000.00 in Stock

Inphi Co. (NYSE:IPHI) CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $40.00, for a total transaction of $1,480,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE IPHI traded up $0.61 on Wednesday, reaching $41.30. 31,546 shares of the company’s stock traded hands, compared to its average volume of 865,721. Inphi Co. has a 12 month low of $24.18 and a 12 month high of $42.34. The company has a debt-to-equity ratio of 1.17, a current ratio of 9.27 and a quick ratio of 8.62. The stock has a market capitalization of $1.81 billion, a P/E ratio of -72.63, a PEG ratio of 11.94 and a beta of 1.59.

Inphi (NYSE:IPHI) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.36%. The business had revenue of $86.53 million for the quarter, compared to analysts’ expectations of $86.64 million. As a group, equities analysts expect that Inphi Co. will post 0.18 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc bought a new position in shares of Inphi in the fourth quarter worth approximately $58,000. PNC Financial Services Group Inc. grew its holdings in shares of Inphi by 186.4% in the third 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Inphi by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 666 shares during the period. Advisory Services Network LLC purchased a new stake in Inphi in the third quarter worth $115,000. Finally, GSA Capital Partners LLP purchased a new stake in Inphi in the fourth quarter worth $217,000.

Several research firms recently weighed in on IPHI. Zacks Investment Research lowered shares of Inphi from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Citigroup reaffirmed a “buy” rating and set a $45.00 price objective on shares of Inphi in a report on Wednesday, January 30th. Craig Hallum upped their price objective on shares of Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Needham & Company LLC upped their price objective on shares of Inphi to $46.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Finally, ValuEngine raised shares of Inphi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Inphi presently has an average rating of “Buy” and a consensus target price of $40.59.

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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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