LPL Financial LLC Invests $374,000 in Inphi Co. (IPHI) Stock

LPL Financial LLC purchased a new stake in shares of Inphi Co. (NYSE:IPHI) in the third quarter, HoldingsChannel.com reports. The fund purchased 9,840 shares of the semiconductor company’s stock, valued at approximately $374,000.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Inphi by 71.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 500,705 shares of the semiconductor company’s stock valued at $19,016,000 after buying an additional 208,721 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Inphi in the 3rd quarter worth $5,757,000. Wexford Capital LP bought a new position in shares of Inphi in the 3rd quarter worth $2,564,000. Wasatch Advisors Inc. boosted its position in shares of Inphi by 15.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 401,155 shares of the semiconductor company’s stock worth $15,236,000 after purchasing an additional 54,855 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new position in shares of Inphi in the 3rd quarter worth $1,584,000.

In other Inphi news, Director Sam Srinivasan sold 3,214 shares of Inphi stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $39.10, for a total value of $125,667.40. Following the sale, the director now owns 20,795 shares of the company’s stock, valued at approximately $813,084.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diosdado P. Banatao sold 29,656 shares of Inphi stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $39.60, for a total value of $1,174,377.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,073 shares of company stock worth $1,306,567. Corporate insiders own 3.40% of the company’s stock.

Several research analysts have weighed in on IPHI shares. Zacks Investment Research lowered Inphi from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. ValuEngine lowered Inphi from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. lifted their target price on Inphi from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Inphi in a report on Friday, November 2nd. Finally, Citigroup started coverage on Inphi in a report on Friday, January 11th. They set a “buy” rating and a $40.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.79.

IPHI stock opened at $35.00 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 8.62 and a current ratio of 9.27. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 60.34, a price-to-earnings-growth ratio of 10.63 and a beta of 1.53. Inphi Co. has a 1-year low of $23.65 and a 1-year high of $42.34.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $78.00 million for the quarter, compared to analyst estimates of $77.93 million. Inphi had a negative return on equity of 5.28% and a negative net margin of 25.21%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Analysts predict that Inphi Co. will post -0.63 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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