Tdam USA Inc. reduced its position in shares of Inphi Co. (NYSE:IPHI) by 72.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,576 shares of the semiconductor company’s stock after selling 17,190 shares during the quarter. Tdam USA Inc.’s holdings in Inphi were worth $250,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IPHI. Sei Investments Co. raised its position in Inphi by 118.7% during the second quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 1,932 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in Inphi during the second quarter worth $203,000. Amalgamated Bank bought a new stake in Inphi during the second quarter worth $216,000. Aperio Group LLC bought a new stake in Inphi during the second quarter worth $233,000. Finally, Fox Run Management L.L.C. bought a new stake in Inphi during the second quarter worth $255,000.
Shares of IPHI opened at $35.67 on Wednesday. The stock has a market capitalization of $1.52 billion, a PE ratio of 61.50 and a beta of 1.25. Inphi Co. has a fifty-two week low of $23.65 and a fifty-two week high of $44.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.90 and a current ratio of 7.42.
In related news, VP Ron Torten sold 12,342 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $35.00, for a total value of $431,970.00. Following the transaction, the vice president now directly owns 64,386 shares in the company, valued at $2,253,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 12,694 shares of company stock worth $444,709 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on IPHI shares. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Inphi in a research report on Friday, November 2nd. Loop Capital started coverage on shares of Inphi in a research report on Wednesday, July 25th. They issued a “buy” rating and a $43.00 price objective on the stock. DA Davidson increased their price objective on shares of Inphi to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, July 25th. B. Riley increased their price objective on shares of Inphi from $36.00 to $36.50 and gave the company a “neutral” rating in a research report on Wednesday, July 25th. Finally, Barclays dropped their price objective on shares of Inphi from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.29.
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Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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