Inphi Corp (IPHI): Ford Tamer , President & CEO of Inphi Corp sold 40,000 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $30.00 per share for a total value of $1,200,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Richard Ogawa (General Counsel) sold 19,076 shares at $29.36 per share price.On May 6, 2016, Ron Torten (Sr. VP of Operations & IT) sold 19,760 shares at $29.52 per share price.Also, On Apr 6, 2016, Charles Roach (V.P. of Worldwide Sales) sold 4,000 shares at $34.07 per share price.On Nov 18, 2015, Diosdado P Banatao (director) sold 14,384 shares at $29.79 per share price.
Inphi Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Inphi Corporation which led to swings in the share price. The shares opened for trading at $29.28 and hit $29.35 on the upside , eventually ending the session at $29.28, with a gain of 0.31% or 0.09 points. The heightened volatility saw the trading volume jump to 4,32,079 shares. The 52-week high of the share price is $34.87 and the company has a market cap of $1,182 M . The 52-week low of the share price is at $20.3.
Company has been under the radar of several Street Analysts.Inphi Corporation is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $38 .The Rating was issued on Mar 23, 2016.Inphi Corporation is Upgraded by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $30 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 23, 2016.
Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems such as telecommunications transport systems enterprise networking equipment datacenters and enterprise servers storage platforms test and measurement equipment and military systems. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications datacenter and computing infrastructures. It is engaged in developing broadband analog semiconductors operating at frequencies of up to 100 gigahertz. It has developed specific internal models and design kits for each process to support a uniform design methodology across its semiconductor solutions.