Geduld E E Lowers stake in Inphi Corporation (IPHI)

Inphi Corporation (IPHI) : Geduld E E reduced its stake in Inphi Corporation by 10.0% during the most recent quarter end. The investment management company now holds a total of 18,000 shares of Inphi Corporation which is valued at $750,420 after selling 2,000 shares in Inphi Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Inphi Corporation makes up approximately 1.04% of Geduld E E’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management added IPHI to its portfolio by purchasing 616,233 company shares during the most recent quarter which is valued at $25,690,754. Inphi Corporation makes up approx 1.46% of Mesirow Financial Investment Management – Equity Management’s portfolio.Cadence Capital Management reduced its stake in IPHI by selling 591 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 32,678 shares of IPHI which is valued at $1,132,293. Inphi Corporation makes up approx 0.08% of Cadence Capital Management’s portfolio. Cheyne Capital Management (uk) Llp added IPHI to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $358,400. Inphi Corporation makes up approx 0.31% of Cheyne Capital Management (uk) Llp’s portfolio.Moody Aldrich Partners boosted its stake in IPHI in the latest quarter, The investment management firm added 22,300 additional shares and now holds a total of 39,170 shares of Inphi Corporation which is valued at $1,403,853. Inphi Corporation makes up approx 1.12% of Moody Aldrich Partners’s portfolio. Huntington National Bank added IPHI to its portfolio by purchasing 41 company shares during the most recent quarter which is valued at $1,469.

Inphi Corporation opened for trading at $41.93 and hit $43.25 on the upside on Monday, eventually ending the session at $42.86, with a gain of 2.78% or 1.16 points. The heightened volatility saw the trading volume jump to 10,64,126 shares. Company has a market cap of $1,744 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. 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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