Inphi Co. (NYSE:IPHI) Shares Sold by Rothschild Investment Corp IL

Rothschild Investment Corp IL lowered its stake in Inphi Co. (NYSE:IPHI) by 2.9% during the third quarter, HoldingsChannel reports. The firm owned 16,700 shares of the semiconductor company’s stock after selling 500 shares during the quarter. Rothschild Investment Corp IL’s holdings in Inphi were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new position in Inphi during the first quarter worth $30,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Inphi by 56.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 727 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 262 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Inphi during the second quarter worth $40,000. Strs Ohio acquired a new position in Inphi during the second quarter worth $70,000. Finally, Marshall Wace LLP acquired a new position in Inphi during the first quarter worth $70,000.

IPHI opened at $63.67 on Friday. The business’s fifty day moving average is $61.75 and its two-hundred day moving average is $53.84. The company has a debt-to-equity ratio of 1.34, a quick ratio of 7.06 and a current ratio of 7.69. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -111.70 and a beta of 1.57. Inphi Co. has a one year low of $29.56 and a one year high of $66.56.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.43. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.41 million. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. Inphi’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, analysts predict that Inphi Co. will post -0.11 EPS for the current fiscal year.

In other news, VP Charles Roach sold 2,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $62.16, for a total value of $124,320.00. Following the sale, the vice president now directly owns 111,996 shares in the company, valued at $6,961,671.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $63.44, for a total value of $2,347,280.00. Following the completion of the sale, the chief executive officer now owns 402,560 shares in the company, valued at $25,538,406.40. The disclosure for this sale can be found here. Insiders sold 47,000 shares of company stock worth $2,970,580 over the last 90 days. Company insiders own 3.30% of the company’s stock.

A number of research analysts recently weighed in on IPHI shares. Zacks Investment Research raised Inphi from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Wednesday. B. Riley upped their price objective on Inphi from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Craig Hallum boosted their target price on Inphi from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays boosted their target price on Inphi from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Cowen boosted their target price on Inphi from $53.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Inphi has a consensus rating of “Buy” and an average target price of $58.23.

Inphi Company Profile

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.

Further Reading: Cash Asset Ratio

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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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