Alphaone Investment Services Lowers stake in Inphi Corporation (IPHI)

Inphi Corporation (IPHI) : Alphaone Investment Services reduced its stake in Inphi Corporation by 21.8% during the most recent quarter end. The investment management company now holds a total of 130,743 shares of Inphi Corporation which is valued at $5,451,983 after selling 36,450 shares in Inphi Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Inphi Corporation makes up approximately 2.08% of Alphaone Investment Services’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management reduced its stake in IPHI by selling 12,689 shares or 20.24% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of IPHI which is valued at $2,085,000. Inphi Corporation makes up approx 0.02% of Balyasny Asset Management’s portfolio.Spark Investment Management reduced its stake in IPHI by selling 80,200 shares or 55.77% in the most recent quarter. The Hedge Fund company now holds 63,600 shares of IPHI which is valued at $2,652,120. Inphi Corporation makes up approx 0.23% of Spark Investment Management’s portfolio. Peak6 Investments sold out all of its stake in IPHI during the most recent quarter. The investment firm sold 50,406 shares of IPHI which is valued $2,101,930.Lasalle Street Capital Management reduced its stake in IPHI by selling 33 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 11,026 shares of IPHI which is valued at $381,610. Inphi Corporation makes up approx 0.35% of Lasalle Street Capital Management’s portfolio.

Inphi Corporation opened for trading at $42.98 and hit $43.28 on the upside on Thursday, eventually ending the session at $43.22, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 7,85,610 shares. Company has a market cap of $1,758 M.

On the company’s financial health, Inphi Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.28. The company had revenue of $60.50 million for the quarter, compared to analysts expectations of $69.30 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Inphi Corporation. JP Morgan Initiated Inphi Corporation on Aug 30, 2016 to “Overweight”, Price Target of the shares are set at $55.Company shares were Reiterated by Needham on Aug 9, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Company shares were Reiterated by Stifel on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .

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.

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