Dimensional Fund Advisors LP Acquires 194,523 Shares of Inphi Corporation (IPHI)

Dimensional Fund Advisors LP grew its holdings in shares of Inphi Corporation (NYSE:IPHI) by 705.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,115 shares of the semiconductor company’s stock after acquiring an additional 194,523 shares during the period. Dimensional Fund Advisors LP owned about 0.53% of Inphi Corporation worth $7,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Scout Investments Inc. purchased a new position in shares of Inphi Corporation during the 2nd quarter valued at $1,271,000. Frontier Capital Management Co. LLC purchased a new position in shares of Inphi Corporation during the 2nd quarter valued at $12,391,000. Vanguard Group Inc. lifted its stake in shares of Inphi Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock valued at $145,001,000 after buying an additional 143,904 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Inphi Corporation by 23.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,346,617 shares of the semiconductor company’s stock valued at $46,190,000 after buying an additional 254,207 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Inphi Corporation by 48.2% during the 2nd quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock valued at $1,292,000 after buying an additional 12,246 shares in the last quarter.

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A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $45.00 target price on shares of Inphi Corporation in a research note on Wednesday, August 2nd. Craig Hallum restated a “buy” rating and set a $44.00 target price (down previously from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Morgan Stanley lowered their target price on shares of Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Deutsche Bank AG lowered their target price on shares of Inphi Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, Cowen and Company restated a “buy” rating and set a $45.00 target price on shares of Inphi Corporation in a research note on Sunday, October 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Inphi Corporation has an average rating of “Buy” and a consensus target price of $44.50.

Shares of Inphi Corporation (NYSE IPHI) opened at $40.10 on Monday. Inphi Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1,705.59, a PE ratio of 52.76, a PEG ratio of 3.69 and a beta of 1.04.

Inphi Corporation (NYSE:IPHI) last posted its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.27. Inphi Corporation had a negative net margin of 16.27% and a positive return on equity of 7.79%. The firm had revenue of $84.50 million for the quarter, compared to the consensus estimate of $84.30 million. During the same period in the previous year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. research analysts anticipate that Inphi Corporation will post 0.51 earnings per share for the current year.

In related news, VP Charles Roach sold 28,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $39.94, for a total transaction of $1,118,320.00. Following the transaction, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,752,243.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diosdado P. Banatao sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $40.34, for a total transaction of $685,780.00. Following the transaction, the director now owns 6,542 shares in the company, valued at $263,904.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,238 shares of company stock worth $2,909,504. Insiders own 3.60% of the company’s stock.

About Inphi Corporation

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

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Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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