Oak Ridge Investments LLC decreased its holdings in Inphi Co. (NYSE:IPHI) by 27.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,730 shares of the semiconductor company’s stock after selling 83,413 shares during the period. Oak Ridge Investments LLC owned approximately 0.51% of Inphi worth $6,764,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IPHI. Epoch Investment Partners Inc. boosted its stake in shares of Inphi by 102.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,351,636 shares of the semiconductor company’s stock valued at $40,684,000 after purchasing an additional 683,493 shares in the last quarter. Elk Creek Partners LLC boosted its position in Inphi by 89.2% during the 1st quarter. Elk Creek Partners LLC now owns 937,763 shares of the semiconductor company’s stock valued at $28,227,000 after buying an additional 442,240 shares during the period. Frontier Capital Management Co. LLC boosted its position in Inphi by 237.7% during the 1st quarter. Frontier Capital Management Co. LLC now owns 435,077 shares of the semiconductor company’s stock valued at $13,096,000 after buying an additional 306,226 shares during the period. Wasatch Advisors Inc. purchased a new stake in Inphi during the 1st quarter valued at $9,073,000. Finally, TIAA CREF Investment Management LLC boosted its position in Inphi by 229.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock valued at $13,389,000 after buying an additional 254,835 shares during the period.

Shares of NYSE IPHI opened at $34.71 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 8.76 and a quick ratio of 8.14. Inphi Co. has a 12 month low of $23.65 and a 12 month high of $44.32. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 59.84 and a beta of 0.99.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). Inphi had a negative net margin of 27.52% and a negative return on equity of 0.01%. The business had revenue of $60.10 million during the quarter, compared to analyst estimates of $59.82 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was down 35.8% on a year-over-year basis. equities research analysts expect that Inphi Co. will post -0.52 EPS for the current year.

IPHI has been the subject of several analyst reports. Needham & Company LLC cut shares of Inphi from a “strong-buy” rating to a “buy” rating and set a $35.00 price target for the company. in a research report on Wednesday, April 25th. Craig Hallum set a $34.00 price target on shares of Inphi and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus dropped their price target on shares of Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. B. Riley dropped their price target on shares of Inphi from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Morgan Stanley dropped their price target on shares of Inphi from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.60.

In related news, General Counsel Richard Ogawa sold 4,986 shares of the stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $31.43, for a total value of $156,709.98. Following the completion of the transaction, the general counsel now directly owns 54,755 shares in the company, valued at approximately $1,720,949.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ron Torten sold 4,309 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $150,815.00. Following the completion of the transaction, the vice president now owns 76,955 shares of the company’s stock, valued at $2,693,425. The disclosure for this sale can be found here. Insiders sold a total of 12,740 shares of company stock valued at $415,829 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Inphi Company Profile

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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