Macquarie Group Ltd. Trims Stake in Inphi Corporation (IPHI)

Macquarie Group Ltd. lessened its holdings in shares of Inphi Corporation (NYSE:IPHI) by 90.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,347 shares of the semiconductor company’s stock after selling 430,213 shares during the quarter. Macquarie Group Ltd. owned about 0.11% of Inphi worth $1,840,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IPHI. Quantbot Technologies LP acquired a new stake in shares of Inphi during the second quarter worth about $118,000. Ameritas Investment Partners Inc. lifted its position in shares of Inphi by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 219 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Inphi by 422.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 3,940 shares in the last quarter. FNY Partners Fund LP lifted its position in shares of Inphi by 76.2% during the second quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 2,400 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Inphi by 77.6% during the second quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 2,715 shares in the last quarter.

Inphi Corporation (NYSE:IPHI) traded down $0.40 during mid-day trading on Thursday, reaching $38.92. 549,900 shares of the company’s stock were exchanged, compared to its average volume of 949,471. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. Inphi Corporation has a 12 month low of $33.00 and a 12 month high of $51.78. The firm has a market capitalization of $1,672.42, a PE ratio of 51.74, a P/E/G ratio of 3.62 and a beta of 1.01.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.27. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The company had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts predict that Inphi Corporation will post 0.51 EPS for the current year.

In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the sale, the director now owns 6,542 shares of the company’s stock, valued at $266,717.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Roach sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $39.94, for a total transaction of $1,118,320.00. Following the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,752,243.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,238 shares of company stock worth $4,037,064. 3.60% of the stock is owned by corporate insiders.

Several analysts recently weighed in on IPHI shares. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 target price (down previously from $53.00) on shares of Inphi in a report on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and issued a $42.50 target price on shares of Inphi in a report on Saturday, August 12th. Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of Inphi from a “hold” rating to a “buy” rating in a report on Thursday, August 31st. Finally, Northland Securities reaffirmed a “hold” rating and issued a $33.00 target price on shares of Inphi in a report on Friday, September 15th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.50.

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

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