Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $46.77, for a total value of $701,550.00. Following the transaction, the director now owns 3,214 shares in the company, valued at $150,318.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Inphi Corp. (NYSE:IPHI) traded down 2.92% on Wednesday, reaching $45.17. The company’s stock had a trading volume of 1,037,186 shares. The firm has a market capitalization of $1.86 billion, a PE ratio of 24.89 and a beta of 1.43. The firm has a 50-day moving average price of $41.77 and a 200 day moving average price of $37.79. Inphi Corp. has a one year low of $22.07 and a one year high of $47.60.

Inphi Corp. (NYSE:IPHI) last released its earnings results on Tuesday, November 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $70.70 million for the quarter, compared to analysts’ expectations of $67.88 million. Inphi Corp. had a return on equity of 9.34% and a net margin of 29.65%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, analysts anticipate that Inphi Corp. will post $1.49 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Inphi Corp. (NYSE:IPHI)

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPHI. State Street Corp boosted its position in shares of Inphi Corp. by 2.0% in the first quarter. State Street Corp now owns 810,065 shares of the company’s stock valued at $27,007,000 after buying an additional 15,844 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Inphi Corp. during the first quarter valued at about $767,000. Fox Run Management L.L.C. boosted its position in shares of Inphi Corp. by 92.5% in the second quarter. Fox Run Management L.L.C. now owns 15,400 shares of the company’s stock valued at $493,000 after buying an additional 7,400 shares during the period. Bank of Montreal Can purchased a new position in shares of Inphi Corp. during the second quarter valued at about $178,000. Finally, RS Investment Management Co. LLC boosted its position in shares of Inphi Corp. by 13.4% in the second quarter. RS Investment Management Co. LLC now owns 77,170 shares of the company’s stock valued at $2,472,000 after buying an additional 9,090 shares during the period. 98.18% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on IPHI. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Inphi Corp. in a report on Thursday, October 13th. B. Riley reiterated a “buy” rating and issued a $46.00 price objective on shares of Inphi Corp. in a report on Tuesday, August 9th. Jefferies Group increased their price objective on Inphi Corp. from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Deutsche Bank AG reiterated a “buy” rating and issued a $40.00 price objective on shares of Inphi Corp. in a report on Tuesday, August 9th. Finally, TheStreet upgraded Inphi Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.00.

Inphi Corp. Company Profile

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.

5 Day Chart for NYSE:IPHI

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