Swiss National Bank boosted its position in Inphi Corp. (NYSE:IPHI) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,400 shares of the company’s stock after buying an additional 8,300 shares during the period. Swiss National Bank owned 0.15% of Inphi Corp. worth $1,903,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in IPHI. Palisade Capital Management LLC NJ increased its position in Inphi Corp. by 32.7% in the second quarter. Palisade Capital Management LLC NJ now owns 100,315 shares of the company’s stock valued at $3,213,000 after buying an additional 24,709 shares during the period. Columbus Circle Investors increased its position in Inphi Corp. by 79.5% in the second quarter. Columbus Circle Investors now owns 548,654 shares of the company’s stock valued at $17,573,000 after buying an additional 242,967 shares during the period. California State Teachers Retirement System increased its position in Inphi Corp. by 3.7% in the second quarter. California State Teachers Retirement System now owns 84,386 shares of the company’s stock valued at $2,703,000 after buying an additional 3,000 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in Inphi Corp. by 0.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 290,237 shares of the company’s stock valued at $9,296,000 after buying an additional 1,891 shares during the period. Finally, ClariVest Asset Management LLC increased its position in Inphi Corp. by 61.4% in the second quarter. ClariVest Asset Management LLC now owns 70,064 shares of the company’s stock valued at $2,243,000 after buying an additional 26,654 shares during the period. Institutional investors own 90.48% of the company’s stock.

Shares of Inphi Corp. (NYSE:IPHI) traded up 2.11% during midday trading on Thursday, hitting $42.11. The company had a trading volume of 1,205,064 shares. The stock’s 50-day moving average price is $40.94 and its 200-day moving average price is $33.95. The stock’s market capitalization is $1.71 billion. Inphi Corp. has a one year low of $22.07 and a one year high of $44.54.

Inphi Corp. (NYSE:IPHI) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $60.50 million for the quarter, compared to the consensus estimate of $69.34 million. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Analysts predict that Inphi Corp. will post $1.36 EPS for the current year.

Several equities analysts recently commented on the company. B. Riley restated a “buy” rating and set a $46.00 target price on shares of Inphi Corp. in a research report on Sunday, August 14th. Roth Capital reiterated a “buy” rating on shares of Inphi Corp. in a research report on Tuesday, June 28th. Zacks Investment Research downgraded Inphi Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Stifel Nicolaus lifted their price objective on Inphi Corp. from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Finally, Jefferies Group lifted their price objective on Inphi Corp. from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.77.

In other news, VP Ron Torten sold 1,111 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $42.25, for a total value of $46,939.75. Following the completion of the transaction, the vice president now directly owns 61,000 shares in the company, valued at approximately $2,577,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ford Tamer sold 40,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $41.02, for a total value of $1,640,800.00. The disclosure for this sale can be found here. Company insiders own 4.22% of the company’s stock.

About Inphi Corp.

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

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