Inphi Corporation (IPHI) : Myriad Asset Management Ltd. has sold out all of its stake in Inphi Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 158,000 shares of Inphi Corporation which is valued at $6,588,600.
Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in IPHI during the most recent quarter. The investment firm sold 14,532 shares of IPHI which is valued $605,984.Tiaa Cref Investment Management boosted its stake in IPHI in the latest quarter, The investment management firm added 5,337 additional shares and now holds a total of 199,963 shares of Inphi Corporation which is valued at $8,338,457. Inphi Corporation makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Oxford Asset Management reduced its stake in IPHI by selling 59,933 shares or 64.73% in the most recent quarter. The Hedge Fund company now holds 32,654 shares of IPHI which is valued at $1,361,345. Inphi Corporation makes up approx 0.05% of Oxford Asset Management’s portfolio.Commonwealth Equity Services Inc reduced its stake in IPHI by selling 25 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 30,450 shares of IPHI which is valued at $1,093,155. Inphi Corporation makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.
Inphi Corporation closed down -0.15 points or -0.36% at $41.99 with 4,31,688 shares getting traded on Monday. Post opening the session at $42.14, the shares hit an intraday low of $41.94 and an intraday high of $42.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.