John Edmunds Sells 10,141 Shares of Inphi Co. (NYSE:IPHI) Stock

Inphi Co. (NYSE:IPHI) CFO John Edmunds sold 10,141 shares of Inphi stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $50.00, for a total value of $507,050.00. Following the transaction, the chief financial officer now directly owns 255,283 shares of the company’s stock, valued at $12,764,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:IPHI opened at $48.52 on Wednesday. Inphi Co. has a twelve month low of $29.56 and a twelve month high of $51.83. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -85.12 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. The firm has a fifty day simple moving average of $46.11.

Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The company had revenue of $82.20 million during the quarter, compared to analyst estimates of $80.97 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that Inphi Co. will post -0.07 EPS for the current fiscal year.

A number of brokerages have issued reports on IPHI. JPMorgan Chase & Co. reissued an “overweight” rating and set a $55.00 price objective (up from $46.00) on shares of Inphi in a report on Wednesday, May 1st. Craig Hallum reissued a “buy” rating and set a $58.00 price objective (up from $48.00) on shares of Inphi in a report on Wednesday, May 1st. Northland Securities set a $30.00 price objective on Inphi and gave the company a “sell” rating in a report on Monday, May 20th. Bank of America raised Inphi from a “neutral” rating to a “buy” rating in a report on Monday, May 6th. Finally, DA Davidson cut their price objective on Inphi to $52.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Inphi has a consensus rating of “Buy” and an average target price of $44.46.

Several large investors have recently made changes to their positions in IPHI. First Trust Advisors LP grew its position in shares of Inphi by 26.4% during the 1st quarter. First Trust Advisors LP now owns 46,998 shares of the semiconductor company’s stock worth $2,056,000 after buying an additional 9,812 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Inphi during the 1st quarter worth about $30,000. Marshall Wace LLP acquired a new position in shares of Inphi during the 1st quarter worth about $70,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Inphi during the 1st quarter worth about $65,000. Finally, Origin Asset Management LLP acquired a new position in shares of Inphi during the 1st quarter worth about $301,000.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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