Garelick Capital Partners LP Invests $19.48 Million in Inphi Corporation (IPHI)

Garelick Capital Partners LP purchased a new stake in shares of Inphi Corporation (NYSE:IPHI) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 398,953 shares of the semiconductor company’s stock, valued at approximately $19,477,000. Inphi Corporation comprises 4.4% of Garelick Capital Partners LP’s portfolio, making the stock its 8th largest position. Garelick Capital Partners LP owned approximately 0.96% of Inphi Corporation at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Inphi Corporation by 16.5% in the third quarter. Morgan Stanley now owns 576,382 shares of the semiconductor company’s stock worth $25,079,000 after buying an additional 81,524 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Inphi Corporation by 251.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 225,789 shares of the semiconductor company’s stock worth $9,824,000 after buying an additional 161,519 shares in the last quarter. Highbridge Capital Management LLC increased its position in shares of Inphi Corporation by 126.6% in the third quarter. Highbridge Capital Management LLC now owns 71,039 shares of the semiconductor company’s stock worth $3,091,000 after buying an additional 39,692 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Inphi Corporation by 10.1% in the third quarter. Panagora Asset Management Inc. now owns 275,912 shares of the semiconductor company’s stock worth $12,005,000 after buying an additional 25,233 shares during the last quarter. Finally, Dai Ichi Life Holdings Inc. increased its position in shares of Inphi Corporation by 140.9% in the third quarter. Dai Ichi Life Holdings Inc. now owns 59,298 shares of the semiconductor company’s stock worth $2,580,000 after buying an additional 34,680 shares during the last quarter.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

Shares of Inphi Corporation (NYSE IPHI) traded down 0.76% during trading on Tuesday, hitting $37.74. 452,248 shares of the stock were exchanged. The stock’s 50 day moving average is $38.49 and its 200-day moving average is $44.06. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 18.78 and a beta of 1.17. Inphi Corporation has a 12-month low of $25.89 and a 12-month high of $51.78.

Inphi Corporation (NYSE:IPHI) last issued its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $93.58 million for the quarter, compared to analyst estimates of $93.49 million. Inphi Corporation had a net margin of 28.77% and a return on equity of 11.23%. Equities research analysts anticipate that Inphi Corporation will post $1.64 EPS for the current year.

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Several research firms have issued reports on IPHI. B. Riley restated a “buy” rating and issued a $48.25 price objective on shares of Inphi Corporation in a research note on Wednesday, May 3rd. Deutsche Bank AG cut their price target on shares of Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Cowen and Company cut their price target on shares of Inphi Corporation from $56.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. TheStreet cut shares of Inphi Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 2nd. Finally, BidaskClub lowered shares of Inphi Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $51.58.

In other Inphi Corporation news, VP Ron Torten sold 956 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $46.38, for a total transaction of $44,339.28. Following the sale, the vice president now directly owns 60,374 shares in the company, valued at approximately $2,800,146.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Richard Ogawa sold 4,303 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $44.12, for a total transaction of $189,848.36. Following the sale, the general counsel now owns 43,561 shares in the company, valued at $1,921,911.32. The disclosure for this sale can be found here. Insiders sold a total of 14,660 shares of company stock worth $652,458 in the last ninety days. Insiders own 4.22% of the company’s stock.

Inphi Corporation Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

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