Inphi Co. (NYSE:IPHI) VP Sells $11,042.15 in Stock

Inphi Co. (NYSE:IPHI) VP Ron Torten sold 245 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $45.07, for a total transaction of $11,042.15. Following the completion of the transaction, the vice president now directly owns 64,275 shares of the company’s stock, valued at $2,896,874.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ron Torten also recently made the following trade(s):

  • On Tuesday, April 23rd, Ron Torten sold 9,229 shares of Inphi stock. The shares were sold at an average price of $47.03, for a total transaction of $434,039.87.
  • On Tuesday, April 16th, Ron Torten sold 3,597 shares of Inphi stock. The shares were sold at an average price of $47.94, for a total transaction of $172,440.18.
  • On Friday, March 15th, Ron Torten sold 1,247 shares of Inphi stock. The shares were sold at an average price of $45.00, for a total transaction of $56,115.00.
  • On Friday, March 1st, Ron Torten sold 1,865 shares of Inphi stock. The shares were sold at an average price of $43.62, for a total transaction of $81,351.30.
  • On Thursday, February 7th, Ron Torten sold 47 shares of Inphi stock. The shares were sold at an average price of $39.28, for a total transaction of $1,846.16.

IPHI stock opened at $45.14 on Friday. Inphi Co. has a 12 month low of $28.08 and a 12 month high of $48.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 7.93 and a quick ratio of 7.42. The stock has a market cap of $2.09 billion, a P/E ratio of -79.19, a PEG ratio of 6.16 and a beta of 1.56.

Inphi (NYSE:IPHI) last released its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.43%. The firm had revenue of $86.53 million during the quarter, compared to analysts’ expectations of $86.64 million. As a group, research analysts expect that Inphi Co. will post 0.18 earnings per share for the current year.

A number of research firms have recently commented on IPHI. DA Davidson upgraded shares of Inphi from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $45.00 in a report on Monday, January 28th. Deutsche Bank raised their target price on shares of Inphi from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Inphi from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, February 5th. Citigroup initiated coverage on shares of Inphi in a report on Friday, January 11th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Needham & Company LLC raised their target price on shares of Inphi to $46.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.79.

Several hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in Inphi by 13.0% in the 3rd quarter. First Trust Advisors LP now owns 21,629 shares of the semiconductor company’s stock valued at $821,000 after buying an additional 2,483 shares during the period. Swiss National Bank boosted its position in Inphi by 3.3% in the 3rd quarter. Swiss National Bank now owns 68,600 shares of the semiconductor company’s stock valued at $2,605,000 after buying an additional 2,200 shares during the period. PNC Financial Services Group Inc. boosted its position in Inphi by 186.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,823 shares during the period. Dimensional Fund Advisors LP boosted its position in Inphi by 71.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 500,705 shares of the semiconductor company’s stock valued at $19,016,000 after buying an additional 208,721 shares during the period. Finally, United Services Automobile Association boosted its position in Inphi by 21.8% in the 3rd quarter. United Services Automobile Association now owns 72,238 shares of the semiconductor company’s stock valued at $2,744,000 after buying an additional 12,910 shares during the period.

ILLEGAL ACTIVITY WARNING: This report was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/27/inphi-co-iphi-vp-sells-11042-15-in-stock.html.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

Read More: Quick Ratio

Insider Buying and Selling by Quarter for Inphi (NYSE:IPHI)

Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.