Insider Selling: Inphi Co. (IPHI) CFO Sells 108,554 Shares of Stock

Inphi Co. (NYSE:IPHI) CFO John Edmunds sold 108,554 shares of Inphi stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $25.25, for a total transaction of $2,740,988.50. Following the completion of the transaction, the chief financial officer now directly owns 163,597 shares in the company, valued at $4,130,824.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Inphi Co. (IPHI) traded down $1.13 during trading hours on Friday, hitting $24.44. 1,578,816 shares of the stock traded hands, compared to its average volume of 1,249,731. Inphi Co. has a 1-year low of $23.65 and a 1-year high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,040.00, a P/E ratio of -11.98 and a beta of 0.97.

Several equities analysts have issued reports on IPHI shares. B. Riley reaffirmed a “buy” rating and issued a $48.00 price target on shares of Inphi in a report on Friday, January 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Inphi in a report on Tuesday, November 14th. Cowen reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi in a report on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price objective (down from $47.00) on shares of Inphi in a research note on Monday, January 22nd. Finally, Craig Hallum set a $34.00 price objective on shares of Inphi and gave the stock a “buy” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $39.93.

Large investors have recently bought and sold shares of the company. Zevenbergen Capital Investments LLC lifted its position in Inphi by 2.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after purchasing an additional 16,255 shares during the period. New York State Common Retirement Fund lifted its position in Inphi by 11.0% during the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock valued at $3,164,000 after purchasing an additional 9,105 shares during the period. Pinnacle Associates Ltd. acquired a new position in Inphi during the third quarter valued at $651,000. Nationwide Fund Advisors lifted its position in Inphi by 223.5% during the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock valued at $3,076,000 after purchasing an additional 53,544 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Inphi by 705.0% during the second quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock valued at $7,619,000 after purchasing an additional 194,523 shares during the period.

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Inphi Company Profile

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.

Insider Buying and Selling by Quarter for Inphi (NYSE:IPHI)

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