Inphi (IPHI) General Counsel Richard Ogawa Sells 2,889 Shares

Inphi (NYSE:IPHI) General Counsel Richard Ogawa sold 2,889 shares of the company’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $31.25, for a total transaction of $90,281.25. Following the completion of the sale, the general counsel now directly owns 53,400 shares in the company, valued at $1,668,750. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Richard Ogawa also recently made the following trade(s):

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  • On Monday, April 2nd, Richard Ogawa sold 148 shares of Inphi stock. The shares were sold at an average price of $30.00, for a total transaction of $4,440.00.

Inphi stock opened at $32.15 on Wednesday. Inphi has a 52-week low of $23.65 and a 52-week high of $46.92. The firm has a market cap of $1,328.35, a PE ratio of 61.58 and a beta of 0.92. The company has a quick ratio of 8.08, a current ratio of 8.61 and a debt-to-equity ratio of 1.02.

Inphi (NYSE:IPHI) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. Inphi had a negative net margin of 21.51% and a positive return on equity of 5.39%. The business had revenue of $85.68 million during the quarter, compared to analyst estimates of $86.30 million. equities research analysts anticipate that Inphi will post -0.31 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Inphi during the fourth quarter worth $711,000. Macquarie Group Ltd. grew its holdings in shares of Inphi by 81.8% during the fourth quarter. Macquarie Group Ltd. now owns 84,237 shares of the semiconductor company’s stock worth $3,083,000 after buying an additional 37,890 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Inphi during the fourth quarter worth $292,000. TIAA CREF Investment Management LLC grew its holdings in shares of Inphi by 229.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock worth $13,389,000 after buying an additional 254,835 shares in the last quarter. Finally, Folger Hill Asset Management LP grew its holdings in shares of Inphi by 57.0% during the fourth quarter. Folger Hill Asset Management LP now owns 58,400 shares of the semiconductor company’s stock worth $2,137,000 after buying an additional 21,200 shares in the last quarter.

Several equities analysts recently issued reports on IPHI shares. Stifel Nicolaus decreased their target price on shares of Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. B. Riley reiterated a “buy” rating and issued a $48.00 target price on shares of Inphi in a research note on Friday, January 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $45.00 target price on shares of Inphi in a research note on Friday, January 19th. ValuEngine cut shares of Inphi from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reiterated a “strong-buy” rating and issued a $45.00 target price (down from $50.00) on shares of Inphi in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Inphi presently has a consensus rating of “Hold” and a consensus price target of $39.93.

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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.

Insider Buying and Selling by Quarter for Inphi (NYSE:IPHI)

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