Inphi Corp (IPHI) Files Form 4 Insider Selling : Ron Torten Sells 19,760 Shares

Inphi Corp (IPHI): Ron Torten , Sr. VP of Operations & IT of Inphi Corp sold 19,760 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $29.52 per share for a total value of $582,283.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Nov 9, 2015, Ron Torten (Sr. VP of Operations & IT) sold 18,750 shares at $29.45 per share price.On Nov 5, 2015, Sam Srinivasan (director) sold 33,244 shares at $29.36 per share price.

Shares of Inphi Corporation (IPHI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.52 points or -1.74% at $29.39 with 4,71,001 shares getting traded. Post opening the session at $29.69, the shares hit an intraday low of $29.26 and an intraday high of $30.46 and the price vacillated in this range throughout the day. The company has a market cap of $1,172 M and the number of outstanding shares has been calculated to be 3,98,80,632 shares. The 52-week high of Inphi Corporation is $34.87 and the 52-week low is $20.03.

Inphi Corporation Money Flow Index Chart

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 Reiterated by Needham to Strong Buy and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $32 .The Rating was issued on Feb 8, 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.

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