Ford Tamer Sells 37,000 Shares of Inphi Co. (IPHI) Stock

Inphi Co. (NYSE:IPHI) CEO Ford Tamer sold 37,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the sale, the chief executive officer now directly owns 444,397 shares in the company, valued at $21,468,819.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IPHI stock opened at $50.12 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. Inphi Co. has a fifty-two week low of $29.56 and a fifty-two week high of $51.67. The stock has a market capitalization of $2.17 billion, a P/E ratio of -87.93, a PEG ratio of 12.52 and a beta of 1.54.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. The business had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $80.97 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. As a group, research analysts forecast that Inphi Co. will post 0.15 earnings per share for the current fiscal year.



IPHI has been the topic of a number of research reports. Zacks Investment Research cut shares of Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. ValuEngine raised shares of Inphi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Craig Hallum increased their price objective on shares of Inphi from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Citigroup increased their price objective on shares of Inphi to $50.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Needham & Company LLC increased their price objective on shares of Inphi to $46.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.63.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Inphi by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,764,587 shares of the semiconductor company’s stock valued at $142,980,000 after buying an additional 241,346 shares during the period. Victory Capital Management Inc. acquired a new position in Inphi during the 1st quarter valued at about $48,565,000. Northern Trust Corp increased its stake in Inphi by 0.7% during the 1st quarter. Northern Trust Corp now owns 566,742 shares of the semiconductor company’s stock valued at $24,789,000 after buying an additional 3,702 shares during the period. Janus Henderson Group PLC increased its stake in Inphi by 0.6% during the 1st quarter. Janus Henderson Group PLC now owns 564,036 shares of the semiconductor company’s stock valued at $24,671,000 after buying an additional 3,497 shares during the period. Finally, Jennison Associates LLC increased its stake in Inphi by 265.8% during the 1st quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock valued at $22,545,000 after buying an additional 374,522 shares during the period.

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Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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