Aperio Group LLC Invests $233,000 in Inphi Co. (IPHI) Stock

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Aperio Group LLC acquired a new stake in Inphi Co. (NYSE:IPHI) during the second quarter, HoldingsChannel.com reports. The fund acquired 7,144 shares of the semiconductor company’s stock, valued at approximately $233,000.

A number of other hedge funds have also made changes to their positions in IPHI. Epoch Investment Partners Inc. raised its holdings in Inphi by 102.3% in the first quarter. Epoch Investment Partners Inc. now owns 1,351,636 shares of the semiconductor company’s stock worth $40,684,000 after purchasing an additional 683,493 shares during the period. Elk Creek Partners LLC raised its holdings in Inphi by 89.2% in the first quarter. Elk Creek Partners LLC now owns 937,763 shares of the semiconductor company’s stock worth $28,227,000 after purchasing an additional 442,240 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Inphi by 11.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 834,292 shares of the semiconductor company’s stock worth $27,206,000 after purchasing an additional 82,961 shares during the period. Maplelane Capital LLC raised its holdings in Inphi by 35.0% in the first quarter. Maplelane Capital LLC now owns 675,000 shares of the semiconductor company’s stock worth $20,317,000 after purchasing an additional 174,999 shares during the period. Finally, Northern Trust Corp raised its holdings in Inphi by 0.4% in the first quarter. Northern Trust Corp now owns 504,704 shares of the semiconductor company’s stock worth $15,191,000 after purchasing an additional 2,025 shares during the period.

Shares of NYSE:IPHI opened at $36.60 on Thursday. Inphi Co. has a 12 month low of $23.65 and a 12 month high of $44.32. The company has a current ratio of 7.42, a quick ratio of 6.90 and a debt-to-equity ratio of 1.14. The firm has a market cap of $1.63 billion, a P/E ratio of 62.90 and a beta of 1.14.

Inphi (NYSE:IPHI) last issued its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.38. Inphi had a negative net margin of 33.36% and a negative return on equity of 3.51%. The business had revenue of $69.81 million for the quarter, compared to analyst estimates of $69.28 million. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. research analysts predict that Inphi Co. will post -0.64 earnings per share for the current fiscal year.

In related news, VP Ron Torten sold 12,342 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $35.00, for a total transaction of $431,970.00. Following the sale, the vice president now directly owns 64,386 shares in the company, valued at $2,253,510. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

Several equities research analysts have weighed in on the stock. B. Riley lowered shares of Inphi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $37.00 to $36.00 in a report on Thursday, July 19th. Northland Securities set a $27.00 target price on shares of Inphi and gave the stock a “sell” rating in a report on Wednesday, July 25th. Needham & Company LLC increased their target price on shares of Inphi from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Barclays assumed coverage on shares of Inphi in a report on Wednesday, May 30th. They issued an “overweight” rating and a $40.00 target price on the stock. Finally, Bank of America increased their target price on shares of Inphi from $23.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.35.

Inphi 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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