Inphi Co. (IPHI) Director Sam Srinivasan Purchases 5,000 Shares

Inphi Co. (NYSE:IPHI) Director Sam Srinivasan bought 5,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $24.93 per share, with a total value of $124,650.00. Following the completion of the purchase, the director now owns 18,865 shares in the company, valued at approximately $470,304.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Inphi Co. (NYSE IPHI) opened at $25.20 on Wednesday. The company has a market capitalization of $1,039.52, a P/E ratio of 48.88 and a beta of 0.97. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi Co. has a twelve month low of $23.65 and a twelve month high of $51.78.

A number of analysts recently issued reports on IPHI shares. Zacks Investment Research cut Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley raised their price target on shares of Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Rosenblatt Securities cut shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research note on Thursday, December 7th. B. Riley reaffirmed a “buy” rating and set a $48.00 price target (up from $42.50) on shares of Inphi in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $45.00 price target (down from $50.00) on shares of Inphi in a research note on Friday, January 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Inphi by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after buying an additional 97,957 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Inphi by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after buying an additional 153,355 shares during the last quarter. State Street Corp boosted its holdings in shares of Inphi by 9.6% in the 2nd quarter. State Street Corp now owns 1,047,251 shares of the semiconductor company’s stock valued at $35,924,000 after buying an additional 92,014 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its holdings in shares of Inphi by 2.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after buying an additional 16,255 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Inphi by 51.3% in the 4th quarter. TCW Group Inc. now owns 673,410 shares of the semiconductor company’s stock valued at $24,647,000 after buying an additional 228,371 shares during the last quarter.

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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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