Folger Hill Asset Management LP lifted its stake in shares of Inphi Co. (NYSE:IPHI) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,400 shares of the semiconductor company’s stock after purchasing an additional 21,200 shares during the period. Folger Hill Asset Management LP owned about 0.14% of Inphi worth $2,137,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in Inphi by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 32,136 shares of the semiconductor company’s stock worth $1,102,000 after acquiring an additional 1,400 shares during the last quarter. Rothschild Investment Corp IL lifted its holdings in Inphi by 6.1% in the fourth quarter. Rothschild Investment Corp IL now owns 27,850 shares of the semiconductor company’s stock worth $1,019,000 after acquiring an additional 1,600 shares during the last quarter. American International Group Inc. lifted its holdings in Inphi by 8.1% in the third quarter. American International Group Inc. now owns 28,178 shares of the semiconductor company’s stock worth $1,118,000 after acquiring an additional 2,107 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Inphi by 71.5% in the third quarter. Great West Life Assurance Co. Can now owns 5,526 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in Inphi in the fourth quarter worth about $106,000.
Inphi Co. (IPHI) traded up $0.31 during midday trading on Friday, hitting $33.27. 1,020,471 shares of the company were exchanged, compared to its average volume of 1,082,649. Inphi Co. has a fifty-two week low of $23.65 and a fifty-two week high of $49.09. The company has a quick ratio of 8.08, a current ratio of 8.61 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,421.97, a price-to-earnings ratio of -18.69 and a beta of 1.02.
Inphi (NYSE:IPHI) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Inphi had a negative net margin of 21.51% and a positive return on equity of 5.39%. The business had revenue of $85.68 million for the quarter, compared to analyst estimates of $86.30 million. analysts forecast that Inphi Co. will post -0.31 EPS for the current year.
A number of equities analysts have issued reports on IPHI shares. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 target price on shares of Inphi in a report on Friday, January 19th. DA Davidson reaffirmed a “hold” rating and set a $34.00 price target on shares of Inphi in a report on Thursday, January 25th. B. Riley cut Inphi to a “buy” rating in a report on Thursday, December 7th. ValuEngine raised Inphi from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $45.00 price target (down previously from $50.00) on shares of Inphi in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Inphi currently has a consensus rating of “Hold” and an average price target of $39.93.
In related news, Director Sam Srinivasan acquired 5,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $24.93 per share, for a total transaction of $124,650.00. Following the completion of the purchase, the director now directly owns 18,865 shares of the company’s stock, valued at $470,304.45. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ford Tamer acquired 25,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $25.54 per share, for a total transaction of $638,500.00. The disclosure for this purchase can be found here. Insiders have sold 108,852 shares of company stock worth $2,752,286 in the last quarter. Company insiders own 3.60% of the company’s stock.
Inphi Company Profile
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.
Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.