Inphi (IPHI) Shares Gap Down Following Insider Selling

Inphi (NYSE:IPHI) shares gapped down prior to trading on Tuesday following insider selling activity. The stock had previously closed at $32.33, but opened at $30.79. Inphi shares last traded at $32.29, with a volume of 806965 shares traded.

Specifically, General Counsel Richard Ogawa sold 2,889 shares of Inphi stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $31.25, for a total value of $90,281.25. Following the completion of the transaction, the general counsel now owns 53,400 shares in the company, valued at $1,668,750. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sam Srinivasan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of $24.93 per share, with a total value of $124,650.00. Following the transaction, the director now owns 18,865 shares of the company’s stock, valued at approximately $470,304.45. The disclosure for this purchase can be found here. In the last quarter, insiders sold 111,591 shares of company stock valued at $2,835,710. 3.60% of the stock is currently owned by company insiders.

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IPHI has been the subject of several recent analyst reports. Zacks Investment Research lowered Inphi from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Morgan Stanley restated an “equal weight” rating and set a $45.00 target price on shares of Inphi in a research report on Friday, January 19th. Bank of America restated a “neutral” rating and set a $40.00 target price on shares of Inphi in a research report on Friday, January 19th. Needham & Company LLC restated a “strong-buy” rating and set a $45.00 target price (down previously from $50.00) on shares of Inphi in a research report on Friday, January 19th. Finally, B. Riley restated a “buy” rating and set a $48.00 target price on shares of Inphi in a research 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 issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.93.

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 cap of $1,328.35, a PE ratio of 55.41 and a beta of 0.92.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $85.68 million during the quarter, compared to analyst estimates of $86.30 million. Inphi had a positive return on equity of 5.39% and a negative net margin of 21.51%. analysts expect that Inphi will post -0.31 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TCW Group Inc. raised its stake in Inphi by 51.3% in the fourth quarter. TCW Group Inc. now owns 673,410 shares of the semiconductor company’s stock worth $24,647,000 after buying an additional 228,371 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Inphi by 229.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock worth $13,389,000 after buying an additional 254,835 shares in the last quarter. Geode Capital Management LLC raised its stake in Inphi by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 340,485 shares of the semiconductor company’s stock worth $12,461,000 after buying an additional 22,544 shares in the last quarter. Alliancebernstein L.P. raised its stake in Inphi by 350.9% in the fourth quarter. Alliancebernstein L.P. now owns 222,300 shares of the semiconductor company’s stock worth $8,136,000 after buying an additional 173,000 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Inphi by 4.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 210,674 shares of the semiconductor company’s stock worth $7,711,000 after buying an additional 8,411 shares in the last quarter.

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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. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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