Inphi Corporation (IPHI) Position Raised by Neuberger Berman Group LLC
Neuberger Berman Group LLC increased its position in shares of Inphi Corporation (NYSE:IPHI) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,200 shares of the semiconductor company’s stock after purchasing an additional 1,200 shares during the quarter. Neuberger Berman Group LLC owned 0.06% of Inphi Corporation worth $933,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IPHI. BlackRock Inc. lifted its position in Inphi Corporation by 75,144.6% during the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after purchasing an additional 2,494,049 shares during the period. Garelick Capital Partners LP bought a new stake in Inphi Corporation during the first quarter worth about $19,477,000. Clearbridge Investments LLC bought a new stake in Inphi Corporation during the first quarter worth about $18,202,000. Bank of New York Mellon Corp lifted its position in Inphi Corporation by 51.1% during 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 purchasing an additional 369,338 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in Inphi Corporation during the second quarter worth about $12,391,000.
Inphi Corporation (NYSE:IPHI) opened at 39.00 on Wednesday. The firm has a market cap of $1.65 billion, a P/E ratio of 23.31 and a beta of 1.14. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78. The stock has a 50 day moving average price of $37.23 and a 200 day moving average price of $39.81.
Inphi Corporation (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 Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. Inphi Corporation’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. On average, analysts anticipate that Inphi Corporation will post $1.50 EPS for the current year.
A number of research firms have recently commented on IPHI. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $41.00 target price on shares of Inphi Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 target price (down previously from $53.00) on shares of Inphi Corporation in a report on Wednesday, August 9th. Northland Securities reissued a “hold” rating and issued a $33.00 target price on shares of Inphi Corporation in a report on Friday, September 15th. Finally, BidaskClub cut shares of Inphi Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.81.
About Inphi Corporation
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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