Stock Traders Purchase Large Volume of Put Options on Inphi (IPHI)

Inphi Corporation (NYSE:IPHI) was the target of unusually large options trading on Friday. Stock investors purchased 617 put options on the company. This is an increase of approximately 1,043% compared to the typical daily volume of 54 put options.

Shares of Inphi (IPHI) opened at $32.07 on Monday. Inphi has a 1-year low of $31.97 and a 1-year high of $51.78. The firm has a market capitalization of $1,364.07, a PE ratio of -23.58, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02.

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

In related news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $40.55, for a total transaction of $202,750.00. Following the sale, the director now owns 6,542 shares of the company’s stock, valued at approximately $265,278.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles Roach sold 28,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $40.27, for a total value of $1,127,560.00. Following the sale, the vice president now directly owns 93,947 shares in the company, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. Insiders have sold a total of 100,298 shares of company stock worth $4,038,867 in the last three months. 3.60% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Inphi in the 2nd quarter valued at about $118,000. Ameritas Investment Partners Inc. increased its position 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 valued at $127,000 after purchasing an additional 219 shares during the last quarter. Zions Bancorporation bought a new position in shares of Inphi during the 3rd quarter valued at about $153,000. BNP Paribas Arbitrage SA increased its position in shares of Inphi by 422.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Inphi during the 3rd quarter valued at about $202,000.

A number of analysts recently issued reports on IPHI shares. Zacks Investment Research cut Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Morgan Stanley increased their price objective on Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Rosenblatt Securities cut Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a report on Thursday, December 7th. B. Riley reissued a “buy” rating and set a $48.00 price objective (up previously from $42.50) on shares of Inphi in a report on Thursday, November 2nd. Finally, Jefferies Group set a $50.00 price objective on Inphi and gave the stock a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $44.23.

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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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