Mesirow Financial Investment Management Equity Management Purchases New Position in Inphi Co. (IPHI)

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Mesirow Financial Investment Management Equity Management purchased a new position in shares of Inphi Co. (NYSE:IPHI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 267,575 shares of the semiconductor company’s stock, valued at approximately $8,603,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Inphi by 28.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 666 shares during the period. PNC Financial Services Group Inc. boosted its position in Inphi by 186.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,823 shares during the period. Advisory Services Network LLC purchased a new stake in Inphi in the 3rd quarter valued at about $115,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Inphi in the 3rd quarter valued at about $259,000. Finally, Fox Run Management L.L.C. purchased a new stake in Inphi in the 4th quarter valued at about $266,000.

NYSE:IPHI opened at $39.10 on Monday. Inphi Co. has a one year low of $24.13 and a one year high of $42.34. The company has a debt-to-equity ratio of 1.17, a current ratio of 9.27 and a quick ratio of 8.62. The stock has a market capitalization of $1.72 billion, a PE ratio of -68.60, a price-to-earnings-growth ratio of 11.94 and a beta of 1.59.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.36%. The business had revenue of $86.53 million during the quarter, compared to analyst estimates of $86.64 million. Research analysts forecast that Inphi Co. will post 0.18 earnings per share for the current year.

Several research firms have issued reports on IPHI. Zacks Investment Research cut shares of Inphi from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Citigroup reissued a “buy” rating and issued a $45.00 price objective on shares of Inphi in a research report on Wednesday, January 30th. Craig Hallum boosted their price target on shares of Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Needham & Company LLC boosted their price target on shares of Inphi to $46.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Finally, ValuEngine upgraded shares of Inphi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.59.

In related news, Director Sam Srinivasan sold 3,214 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $39.10, for a total transaction of $125,667.40. Following the completion of the transaction, the director now owns 20,795 shares in the company, valued at approximately $813,084.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diosdado P. Banatao sold 29,656 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $39.60, for a total transaction of $1,174,377.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,080 shares of company stock valued at $1,306,990. Company insiders own 3.40% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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