LaSalle Street Capital Management LLC held its stake in Inphi Corporation (NYSE:IPHI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,002 shares of the semiconductor company’s stock at the end of the second quarter. LaSalle Street Capital Management LLC’s holdings in Inphi Corporation were worth $240,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FNY Partners Fund LP lifted its holdings in shares of Inphi Corporation by 1,345.0% in the first quarter. FNY Partners Fund LP now owns 3,150 shares of the semiconductor company’s stock worth $153,000 after buying an additional 2,932 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Inphi Corporation by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after buying an additional 3,940 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Inphi Corporation in the first quarter worth about $169,000. US Bancorp DE lifted its holdings in shares of Inphi Corporation by 27.5% in the first quarter. US Bancorp DE now owns 3,498 shares of the semiconductor company’s stock worth $170,000 after buying an additional 754 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Inphi Corporation in the first quarter worth about $217,000.

A number of brokerages have recently issued reports on IPHI. B. Riley reissued a “buy” rating and issued a $45.00 price target on shares of Inphi Corporation in a report on Monday, August 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $50.00 price target (down from $54.00) on shares of Inphi Corporation in a report on Tuesday, August 8th. BidaskClub raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Deutsche Bank AG lowered their price target on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Roth Capital lowered their price target on shares of Inphi Corporation from $51.70 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.58.

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Shares of Inphi Corporation (NYSE IPHI) traded up 1.53% during midday trading on Friday, reaching $39.19. 167,604 shares of the company were exchanged. The company has a 50 day moving average price of $37.09 and a 200-day moving average price of $40.06. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.42 and a beta of 1.14. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts forecast that Inphi Corporation will post $1.50 earnings per share for the current fiscal year.

Inphi Corporation 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.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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