Inphi Corporation (IPHI) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in Inphi Corporation (NYSE:IPHI) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,485 shares of the semiconductor company’s stock after selling 4,601 shares during the quarter. California State Teachers Retirement System owned 0.18% of Inphi Corporation worth $2,555,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Inphi Corporation in the 2nd quarter valued at approximately $118,000. BNP Paribas Arbitrage SA grew its position in shares of Inphi Corporation by 422.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the period. FNY Partners Fund LP grew its position in shares of Inphi Corporation by 76.2% in the 2nd quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 2,400 shares during the period. US Bancorp DE grew its position in shares of Inphi Corporation by 77.6% in the 2nd quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 2,715 shares during the period. Finally, Moody Aldrich Partners LLC grew its position in shares of Inphi Corporation by 32.3% in the 2nd quarter. Moody Aldrich Partners LLC now owns 7,025 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 1,715 shares during the period.

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In other news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.60% of the company’s stock.

IPHI has been the subject of several research analyst reports. Roth Capital decreased their price objective on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Jefferies Group LLC set a $50.00 price objective on Inphi Corporation and gave the company a “buy” rating in a research report on Wednesday, October 18th. Craig Hallum reiterated a “buy” rating and issued a $44.00 price objective (down from $49.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. Needham & Company LLC decreased their price objective on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered Inphi Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Inphi Corporation currently has a consensus rating of “Buy” and a consensus price target of $44.50.

Shares of Inphi Corporation (NYSE:IPHI) opened at $40.86 on Friday. The company has a market capitalization of $1,737.94, a P/E ratio of 53.76, a PEG ratio of 3.76 and a beta of 1.04. The company has a quick ratio of 6.71, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi Corporation has a twelve month low of $33.00 and a twelve month high of $51.78.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.09 by $0.27. The company had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. Inphi Corporation had a positive return on equity of 7.79% and a negative net margin of 16.27%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. analysts forecast that Inphi Corporation will post 0.51 earnings per share for the current year.

About Inphi Corporation

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

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Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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