TCW Group Inc. raised its holdings in Inphi Co. (NYSE:IPHI) by 51.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 673,410 shares of the semiconductor company’s stock after acquiring an additional 228,371 shares during the period. TCW Group Inc.’s holdings in Inphi were worth $24,647,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in Inphi by 213.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,775 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 3,930 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Inphi by 9.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 34,591 shares of the semiconductor company’s stock worth $1,266,000 after buying an additional 2,870 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Inphi by 240.3% during the 4th quarter. First Trust Advisors LP now owns 30,641 shares of the semiconductor company’s stock worth $1,121,000 after buying an additional 21,636 shares during the last quarter. Barings LLC acquired a new stake in shares of Inphi during the 4th quarter worth approximately $202,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Inphi during the 4th quarter worth approximately $476,000.
In related news, CFO John Edmunds sold 108,554 shares of Inphi stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $25.25, for a total value of $2,740,988.50. Following the completion of the sale, the chief financial officer now owns 163,597 shares in the company, valued at approximately $4,130,824.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 108,852 shares of company stock valued at $2,752,286 in the last quarter. 3.60% of the stock is owned by insiders.
Shares of Inphi Co. (IPHI) opened at $24.45 on Tuesday. Inphi Co. has a 1-year low of $23.65 and a 1-year high of $51.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. The firm has a market cap of $1,039.52, a P/E ratio of -13.73 and a beta of 0.97.
A number of analysts have recently issued reports on IPHI shares. Cowen restated a “buy” rating and set a $45.00 price target on shares of Inphi in a report on Wednesday, November 1st. Morgan Stanley raised their price target on shares of Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. B. Riley raised their price target on shares of Inphi from $42.50 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Inphi in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Inphi has a consensus rating of “Hold” and an average price target of $39.93.
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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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