Gilder Gagnon Howe & Co. LLC cut its position in Inphi Co. (NYSE:IPHI) by 32.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 111,910 shares of the semiconductor company’s stock after selling 54,935 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Inphi were worth $3,839,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IPHI. Vanguard Group Inc. boosted its stake in shares of Inphi by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock worth $145,001,000 after buying an additional 143,904 shares during the period. BlackRock Inc. boosted its stake in shares of Inphi by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Inphi by 51.1% in the first quarter. Bank of New York Mellon Corp now owns 1,092,410 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 369,338 shares during the period. State Street Corp boosted its stake in shares of Inphi by 7.6% in the first quarter. State Street Corp now owns 955,237 shares of the semiconductor company’s stock worth $46,636,000 after buying an additional 67,172 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Inphi by 42.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 737,743 shares of the semiconductor company’s stock worth $36,016,000 after buying an additional 220,280 shares during the period.

Inphi Co. (NYSE IPHI) opened at 37.58 on Thursday. Inphi Co. has a 12 month low of $33.00 and a 12 month high of $51.78. The company has a market cap of $1.59 billion, a P/E ratio of 18.70 and a beta of 1.15. The company’s 50-day moving average is $36.97 and its 200-day moving average is $41.97.

Inphi (NYSE:IPHI) last released its earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84 million. Inphi had a negative net margin of 17.73% and a negative return on equity of 13.37%. Inphi’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts expect that Inphi Co. will post $1.52 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on IPHI shares. Stifel Nicolaus restated a “buy” rating on shares of Inphi in a report on Friday, July 14th. Roth Capital cut their price target on shares of Inphi from $51.70 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank AG cut their price target on shares of Inphi from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Craig Hallum reiterated a “buy” rating and set a $44.00 price target (down previously from $49.00) on shares of Inphi in a report on Tuesday. Finally, Needham & Company LLC cut their price target on shares of Inphi from $46.00 to $43.00 and set a “strong-buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.77.

About Inphi

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 (NYSE:IPHI)

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