Carillon Tower Advisers Inc. grew its stake in Inphi Co. (NYSE:IPHI) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,439 shares of the semiconductor company’s stock after acquiring an additional 1,375 shares during the period. Carillon Tower Advisers Inc. owned 0.15% of Inphi worth $3,479,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Millennium Management LLC purchased a new position in shares of Inphi in the fourth quarter worth $729,000. Norges Bank purchased a new position in shares of Inphi in the fourth quarter worth $1,056,000. Geode Capital Management LLC raised its holdings in shares of Inphi by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 455,751 shares of the semiconductor company’s stock worth $14,652,000 after buying an additional 25,224 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Inphi in the first quarter worth $1,400,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Inphi in the first quarter worth $829,000.
Shares of IPHI stock opened at $62.64 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 7.06 and a current ratio of 7.69. Inphi Co. has a fifty-two week low of $29.56 and a fifty-two week high of $66.56. The company has a 50 day moving average price of $62.65 and a 200 day moving average price of $51.28.
Inphi (NYSE:IPHI) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.43. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s revenue was up 23.6% compared to the same quarter last year. On average, equities analysts predict that Inphi Co. will post -0.11 earnings per share for the current year.
In other Inphi news, VP Charles Roach sold 2,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $63.60, for a total value of $127,200.00. Following the transaction, the vice president now directly owns 107,206 shares in the company, valued at approximately $6,818,301.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $63.44, for a total transaction of $2,347,280.00. Following the completion of the transaction, the chief executive officer now owns 402,560 shares in the company, valued at $25,538,406.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,141 shares of company stock worth $3,477,630. Corporate insiders own 3.30% of the company’s stock.
A number of analysts have recently weighed in on IPHI shares. Morgan Stanley increased their price objective on shares of Inphi from $45.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. DA Davidson dropped their price target on shares of Inphi to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Northland Securities set a $30.00 price target on shares of Inphi and gave the company a “sell” rating in a research report on Monday, May 20th. Bank of America set a $68.00 price objective on shares of Inphi and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Cowen increased their price objective on shares of Inphi from $53.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $57.00.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company’s semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
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