Insider Selling: Inphi Corp. Director Unloads 70,874 Shares of Stock (IPHI)
Inphi Corp. (NASDAQ:IPHI) Director Diosdado Banatao sold 70,874 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $13.08, for a total transaction of $927,031.92. Following the transaction, the director now directly owns 7,575 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IPHI. Analysts at Craig Hallum initiated coverage on shares of Inphi Corp. (NASDAQ:IPHI) in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Inphi Corp. (NASDAQ:IPHI) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Inphi Corp. presently has an average rating of “Buy” and a consensus price target of $12.88.
Inphi Corp. (NASDAQ:IPHI) traded up 0.45% during mid-day trading on Wednesday, hitting $13.43. 183,943 shares of the company’s stock traded hands. Inphi Corp. has a 1-year low of $7.45 and a 1-year high of $13.85. The stock has a 50-day moving average of $12.29 and a 200-day moving average of $10.84. The company’s market cap is $395.3 million.
Inphi Corp. (NASDAQ:IPHI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. During the same quarter last year, the company posted $0.05 earnings per share. Inphi Corp.’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Inphi Corp. will post $0.08 earnings per share for the current fiscal year.
Inphi Corporation (NASDAQ:IPHI) is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
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