Trade Report: The Palisade Capital Management LLC NJ Raises Stake in Inphi Corp. (IPHI)

The Palisade Capital Management LLC NJ Raises Stake in Inphi Corp. (IPHI)

Palisade Capital Management LLC NJ boosted its position in Inphi Corp. (NYSE:IPHI) by 32.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,315 shares of the company’s stock after buying an additional 24,709 shares during the period. Palisade Capital Management LLC NJ’s holdings in Inphi Corp. were worth $3,213,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IPHI. Wellington Management Group LLP increased its stake in shares of Inphi Corp. by 146.0% in the first quarter. Wellington Management Group LLP now owns 1,582,150 shares of the company’s stock worth $52,748,000 after buying an additional 939,018 shares during the last quarter. State Street Corp increased its stake in shares of Inphi Corp. by 2.0% in the first quarter. State Street Corp now owns 810,065 shares of the company’s stock worth $27,007,000 after buying an additional 15,844 shares during the last quarter. Columbus Circle Investors increased its stake in shares of Inphi Corp. by 79.5% in the second quarter. Columbus Circle Investors now owns 548,654 shares of the company’s stock worth $17,573,000 after buying an additional 242,967 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Inphi Corp. by 0.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 290,237 shares of the company’s stock worth $9,296,000 after buying an additional 1,891 shares during the last quarter. Finally, Bogle Investment Management L P DE increased its stake in shares of Inphi Corp. by 14.7% in the first quarter. Bogle Investment Management L P DE now owns 195,184 shares of the company’s stock worth $6,507,000 after buying an additional 24,972 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Inphi Corp. (NYSE:IPHI) traded down 1.75% on Friday, reaching $37.06. 790,189 shares of the company’s stock traded hands. The firm’s market cap is $1.51 billion. Inphi Corp. has a 12 month low of $22.07 and a 12 month high of $44.82. The firm’s 50-day moving average is $40.70 and its 200 day moving average is $35.82.

Inphi Corp. (NYSE:IPHI) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The company earned $60.50 million during the quarter, compared to analyst estimates of $69.34 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Inphi Corp.’s revenue was up 22.2% on a year-over-year basis. Equities analysts predict that Inphi Corp. will post $1.36 EPS for the current year.

IPHI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Inphi Corp. from a “sell” rating to a “hold” rating and set a $47.00 price objective on the stock in a research note on Tuesday, August 9th. Jefferies Group reissued a “buy” rating and issued a $38.00 target price on shares of Inphi Corp. in a report on Tuesday, July 5th. B. Riley reissued a “buy” rating and issued a $46.00 target price on shares of Inphi Corp. in a report on Sunday, August 14th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price (up previously from $44.00) on shares of Inphi Corp. in a report on Thursday, October 13th. Finally, Needham & Company LLC increased their target price on shares of Inphi Corp. from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Inphi Corp. currently has a consensus rating of “Buy” and an average target price of $40.04.

In other news, CEO Ford Tamer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $41.02, for a total transaction of $1,640,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sam Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $41.40, for a total value of $414,000.00. Following the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $436,231.80. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

About Inphi Corp.

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications, datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, test and measurement equipment and military systems.

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