Todays Report: Today, Inphi Corp. (IPHI) Director Sold $421,110.00 in Stock

Today, Inphi Corp. (IPHI) Director Sold $421,110.00 in Stock

Inphi Corp. (NYSE:IPHI) Director Diosdado P. Banatao sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $46.79, for a total value of $421,110.00. Following the completion of the sale, the director now directly owns 3,214 shares of the company’s stock, valued at $150,383.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Inphi Corp. (NYSE:IPHI) traded down 1.10% during midday trading on Monday, hitting $46.68. The company had a trading volume of 617,998 shares. The company’s 50 day moving average is $41.69 and its 200 day moving average is $37.66. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 25.72 and a beta of 1.43. Inphi Corp. has a 12-month low of $22.07 and a 12-month high of $47.60.

Inphi Corp. (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The business earned $70.70 million during the quarter, compared to the consensus estimate of $67.88 million. Inphi Corp. had a return on equity of 9.34% and a net margin of 29.65%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. On average, equities analysts anticipate that Inphi Corp. will post $1.49 EPS for the current fiscal year.

A number of analysts recently issued reports on IPHI shares. Zacks Investment Research raised Inphi Corp. from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research report on Tuesday, August 9th. B. Riley reissued a “buy” rating and issued a $46.00 target price on shares of Inphi Corp. in a research report on Sunday, August 14th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price (up from $44.00) on shares of Inphi Corp. in a research report on Thursday, October 13th. TheStreet raised Inphi Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Finally, Needham & Company LLC upped their price objective on Inphi Corp. from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.00.

Institutional investors have recently bought and sold shares of the company. Aperio Group LLC increased its position in Inphi Corp. by 0.8% in the third quarter. Aperio Group LLC now owns 6,321 shares of the company’s stock worth $275,000 after buying an additional 48 shares during the period. First Mercantile Trust Co. increased its position in Inphi Corp. by 1.9% in the third quarter. First Mercantile Trust Co. now owns 11,107 shares of the company’s stock worth $483,000 after buying an additional 207 shares during the period. BlackRock Investment Management LLC increased its position in Inphi Corp. by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 150,992 shares of the company’s stock worth $6,570,000 after buying an additional 425 shares during the period. American International Group Inc. increased its position in Inphi Corp. by 2.0% in the second quarter. American International Group Inc. now owns 23,130 shares of the company’s stock worth $741,000 after buying an additional 462 shares during the period. Finally, California Public Employees Retirement System increased its position in Inphi Corp. by 0.8% in the second quarter. California Public Employees Retirement System now owns 79,800 shares of the company’s stock worth $2,556,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 98.18% of the company’s stock.

Inphi Corp. Company Profile

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