Investors Buy Large Volume of Call Options on Inphi (NYSE:IPHI)

Inphi Co. (NYSE:IPHI) was the recipient of some unusual options trading on Tuesday. Stock traders bought 2,569 call options on the company. This represents an increase of 270% compared to the typical daily volume of 694 call options.

In related news, VP Ron Torten sold 9,174 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $96.17, for a total value of $882,263.58. Following the transaction, the vice president now directly owns 65,905 shares in the company, valued at $6,338,083.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Edmunds sold 10,016 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $110.13, for a total value of $1,103,062.08. Following the completion of the transaction, the chief financial officer now owns 241,183 shares in the company, valued at $26,561,483.79. The disclosure for this sale can be found here. Insiders sold 151,821 shares of company stock worth $16,366,315 over the last quarter. 2.90% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Inphi by 0.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,727 shares of the semiconductor company’s stock worth $1,562,000 after purchasing an additional 170 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Inphi by 3.9% during the fourth quarter. Amalgamated Bank now owns 8,242 shares of the semiconductor company’s stock worth $610,000 after purchasing an additional 307 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Inphi by 0.5% during the first quarter. First Trust Advisors LP now owns 64,605 shares of the semiconductor company’s stock worth $5,115,000 after purchasing an additional 351 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Inphi during the first quarter worth about $29,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Inphi by 12.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,290 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 368 shares during the last quarter.

IPHI has been the topic of a number of research reports. Craig Hallum upped their price target on Inphi from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus upped their price target on Inphi from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Bank of America upped their price target on Inphi from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Zacks Investment Research upgraded Inphi from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Saturday, April 25th. Finally, Morgan Stanley upped their price objective on Inphi from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $107.82.

NYSE:IPHI traded up $5.59 during trading hours on Tuesday, hitting $116.22. The company’s stock had a trading volume of 645,758 shares, compared to its average volume of 1,494,158. The stock has a market capitalization of $5.33 billion, a P/E ratio of -75.15, a price-to-earnings-growth ratio of 4.26 and a beta of 1.39. The stock has a fifty day moving average of $114.06 and a 200-day moving average of $89.34. The company has a current ratio of 1.22, a quick ratio of 0.98 and a debt-to-equity ratio of 0.75. Inphi has a 52-week low of $51.52 and a 52-week high of $127.79.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $139.40 million for the quarter, compared to analyst estimates of $138.79 million. Inphi had a positive return on equity of 3.50% and a negative net margin of 16.66%. Inphi’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, sell-side analysts forecast that Inphi will post 0.71 earnings per share for the current year.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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