The Manufacturers Life Insurance Company Raises Stock Position in Inphi Co. (NYSE:IPHI)

The Manufacturers Life Insurance Company raised its stake in Inphi Co. (NYSE:IPHI) by 32.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,845 shares of the semiconductor company’s stock after buying an additional 59,406 shares during the period. The Manufacturers Life Insurance Company’s holdings in Inphi were worth $26,923,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IPHI. Cambridge Investment Research Advisors Inc. grew its position in shares of Inphi by 29.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,630 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 826 shares during the last quarter. First Trust Advisors LP grew its position in shares of Inphi by 319.7% in the third quarter. First Trust Advisors LP now owns 360,852 shares of the semiconductor company’s stock valued at $40,506,000 after purchasing an additional 274,878 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Inphi in the second quarter valued at approximately $1,223,000. Highland Capital Management LLC acquired a new stake in shares of Inphi in the third quarter valued at approximately $1,847,000. Finally, Swiss National Bank grew its position in shares of Inphi by 28.0% in the second quarter. Swiss National Bank now owns 102,000 shares of the semiconductor company’s stock valued at $11,985,000 after purchasing an additional 22,300 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

In other news, CFO John Edmunds sold 11,034 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $103.49, for a total value of $1,141,908.66. Following the transaction, the chief financial officer now owns 139,066 shares of the company’s stock, valued at approximately $14,391,940.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ford Tamer sold 480,621 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $144.54, for a total transaction of $69,468,959.34. Following the completion of the transaction, the chief executive officer now directly owns 493,373 shares in the company, valued at approximately $71,312,133.42. The disclosure for this sale can be found here. In the last three months, insiders sold 496,888 shares of company stock worth $71,207,901. Insiders own 2.90% of the company’s stock.

Shares of IPHI opened at $148.59 on Friday. The firm has a market cap of $7.74 billion, a PE ratio of -94.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.31. The company’s fifty day moving average is $130.07 and its two-hundred day moving average is $118.35. Inphi Co. has a fifty-two week low of $55.72 and a fifty-two week high of $157.10. The company has a quick ratio of 1.84, a current ratio of 2.35 and a debt-to-equity ratio of 1.30.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. The company had revenue of $180.70 million for the quarter, compared to analyst estimates of $180.67 million. Inphi had a negative net margin of 14.44% and a positive return on equity of 10.23%. Inphi’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. As a group, equities research analysts anticipate that Inphi Co. will post 1.27 earnings per share for the current year.

Several analysts have recently commented on IPHI shares. Zacks Investment Research upgraded shares of Inphi from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, November 5th. Northland Securities upgraded shares of Inphi from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $90.00 to $120.00 in a research report on Wednesday, August 5th. Loop Capital raised their target price on shares of Inphi from $157.00 to $164.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Rosenblatt Securities decreased their target price on shares of Inphi from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, Morgan Stanley lowered shares of Inphi from an “overweight” rating to an “equal weight” rating and set a $159.00 target price on the stock. in a research report on Friday, October 30th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Inphi currently has a consensus rating of “Buy” and an average target price of $137.21.

Inphi Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications and cloud markets the United States, China, Thailand, and internationally. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption; and semiconductor solutions that are designed to 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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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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