Investors Buy Large Volume of Call Options on Inphi (NYSE:IPHI)

Inphi Co. (NYSE:IPHI) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 2,569 call options on the stock. This is an increase of approximately 270% compared to the typical daily volume of 694 call options.

Shares of NYSE IPHI traded up $5.59 during mid-day trading on Tuesday, reaching $116.22. The company had a trading volume of 645,758 shares, compared to its average volume of 1,494,158. Inphi has a twelve month low of $51.52 and a twelve month high of $127.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.98 and a current ratio of 1.22. The stock has a market capitalization of $5.33 billion, a PE ratio of -75.15, a price-to-earnings-growth ratio of 4.26 and a beta of 1.39. The stock’s 50 day moving average is $114.06 and its 200-day moving average is $89.34.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. Inphi had a negative net margin of 16.66% and a positive return on equity of 3.50%. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $138.79 million. During the same period in the prior year, the business posted $0.33 earnings per share. Inphi’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Inphi will post 0.71 EPS for the current year.

In other news, CFO John Edmunds sold 10,016 shares of Inphi stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $110.13, for a total value of $1,103,062.08. Following the transaction, the chief financial officer now owns 241,183 shares of the company’s stock, valued at approximately $26,561,483.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard Ogawa sold 7,138 shares of Inphi stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $96.15, for a total transaction of $686,318.70. Following the completion of the transaction, the general counsel now directly owns 57,229 shares in the company, valued at approximately $5,502,568.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,821 shares of company stock worth $16,366,315. 2.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in Inphi by 145.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,030,866 shares of the semiconductor company’s stock worth $150,325,000 after buying an additional 1,204,557 shares during the last quarter. Capital World Investors increased its position in Inphi by 358.1% during the first quarter. Capital World Investors now owns 1,181,996 shares of the semiconductor company’s stock worth $93,579,000 after buying an additional 923,996 shares during the last quarter. AO Asset Management LP increased its position in Inphi by 291.1% during the first quarter. AO Asset Management LP now owns 1,199,017 shares of the semiconductor company’s stock worth $94,926,000 after buying an additional 892,417 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Inphi by 73.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,210,211 shares of the semiconductor company’s stock worth $95,812,000 after buying an additional 512,636 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in Inphi by 25.1% during the fourth quarter. 1832 Asset Management L.P. now owns 1,609,300 shares of the semiconductor company’s stock worth $118,870,000 after buying an additional 322,400 shares during the last quarter.

IPHI has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on shares of Inphi from $100.00 to $122.50 and gave the stock a “buy” rating in a research note on Friday, May 8th. Craig Hallum lifted their price objective on shares of Inphi from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. ValuEngine downgraded shares of Inphi from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Inphi in a research report on Tuesday, April 21st. Finally, Morgan Stanley lifted their price objective on shares of Inphi from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $107.82.

About Inphi

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.

See Also: Earnings Per Share (EPS)

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