Inphi (IPHI) General Counsel Sells $90,281.25 in Stock

Inphi (NYSE:IPHI) General Counsel Richard Ogawa sold 2,889 shares of the stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $31.25, for a total value of $90,281.25. Following the transaction, the general counsel now directly owns 53,400 shares of the company’s stock, valued at approximately $1,668,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Richard Ogawa also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Monday, April 2nd, Richard Ogawa sold 148 shares of Inphi stock. The shares were sold at an average price of $30.00, for a total value of $4,440.00.

NYSE:IPHI opened at $30.58 on Friday. Inphi has a one year low of $23.65 and a one year high of $46.92. The company has a quick ratio of 8.08, a current ratio of 8.61 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,386.59, a P/E ratio of 64.28 and a beta of 0.92.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Inphi had a positive return on equity of 5.39% and a negative net margin of 21.51%. The firm had revenue of $85.68 million during the quarter, compared to analysts’ expectations of $86.30 million. equities research analysts anticipate that Inphi will post -0.31 earnings per share for the current year.

Several large investors have recently bought and sold shares of IPHI. Nationwide Fund Advisors increased its holdings in shares of Inphi by 223.5% in 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 last quarter. American International Group Inc. increased its holdings in shares of Inphi by 8.1% in the third quarter. American International Group Inc. now owns 28,178 shares of the semiconductor company’s stock valued at $1,118,000 after purchasing an additional 2,107 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Inphi by 71.5% in the third quarter. Great West Life Assurance Co. Can now owns 5,526 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 2,304 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Inphi by 25.0% in the third quarter. Legal & General Group Plc now owns 21,462 shares of the semiconductor company’s stock valued at $850,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Inphi by 12.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 196,222 shares of the semiconductor company’s stock valued at $7,789,000 after purchasing an additional 21,421 shares during the last quarter.

A number of brokerages have commented on IPHI. Stifel Nicolaus reduced their target price on Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 8th. B. Riley reissued a “buy” rating and set a $48.00 target price on shares of Inphi in a report on Friday, January 19th. Morgan Stanley reissued an “equal weight” rating and set a $45.00 target price on shares of Inphi in a report on Friday, January 19th. ValuEngine cut Inphi from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Needham & Company LLC reissued a “strong-buy” rating and set a $45.00 target price (down previously from $50.00) on shares of Inphi in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.93.

TRADEMARK VIOLATION WARNING: “Inphi (IPHI) General Counsel Sells $90,281.25 in Stock” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/20/inphi-iphi-general-counsel-sells-90281-25-in-stock.html.

About Inphi

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.

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

Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply