John Edmunds Sells 108,554 Shares of Inphi Co. (IPHI) Stock

Inphi Co. (NYSE:IPHI) CFO John Edmunds sold 108,554 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $25.25, for a total transaction of $2,740,988.50. Following the completion of the sale, the chief financial officer now owns 163,597 shares of the company’s stock, valued at approximately $4,130,824.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Inphi Co. (NYSE:IPHI) opened at $24.44 on Friday. Inphi Co. has a 12-month low of $23.65 and a 12-month high of $51.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20. The stock has a market cap of $1,040.00, a P/E ratio of -11.98 and a beta of 0.97.

Several hedge funds have recently bought and sold shares of IPHI. Public Employees Retirement Association of Colorado purchased a new position in shares of Inphi during the 4th quarter worth approximately $106,000. Ameritas Investment Partners Inc. increased its stake in shares of Inphi by 6.3% during the 2nd 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. Zions Bancorporation purchased a new position in shares of Inphi during the 3rd quarter worth approximately $153,000. Icon Advisers Inc. Co. purchased a new position in shares of Inphi during the 3rd quarter worth approximately $202,000. Finally, Barings LLC purchased a new position in shares of Inphi during the 4th quarter worth approximately $202,000.

IPHI has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. B. Riley raised their price objective on shares of Inphi from $42.50 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Inphi in a research report on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Inphi in a research report on Wednesday, November 1st. Finally, Rosenblatt Securities downgraded shares of Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.93.

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About Inphi

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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