Public Employees Retirement Association of Colorado Acquires New Stake in Inphi Co. (IPHI)

Public Employees Retirement Association of Colorado acquired a new stake in shares of Inphi Co. (NYSE:IPHI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,883 shares of the semiconductor company’s stock, valued at approximately $106,000.

A number of other hedge funds have also recently bought and sold shares of IPHI. UBS Asset Management Americas Inc. increased its position in Inphi by 30.5% during the second quarter. UBS Asset Management Americas Inc. now owns 16,970 shares of the semiconductor company’s stock valued at $582,000 after acquiring an additional 3,965 shares during the last quarter. Northern Trust Corp increased its position in Inphi by 7.1% during the second quarter. Northern Trust Corp now owns 514,544 shares of the semiconductor company’s stock valued at $17,649,000 after acquiring an additional 33,944 shares during the last quarter. Vanguard Group Inc. increased its position in Inphi by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after acquiring an additional 97,957 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Inphi by 705.0% during the second quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock valued at $7,619,000 after acquiring an additional 194,523 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Inphi by 20.9% during the second quarter. Voya Investment Management LLC now owns 19,037 shares of the semiconductor company’s stock valued at $653,000 after acquiring an additional 3,295 shares during the last quarter.

In related news, CFO John Edmunds sold 108,554 shares of the company’s stock in a transaction dated 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 directly owns 163,597 shares of the company’s stock, valued at $4,130,824.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sam Srinivasan acquired 5,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average cost of $24.93 per share, with a total value of $124,650.00. Following the completion of the purchase, the director now owns 18,865 shares of the company’s stock, valued at $470,304.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 108,852 shares of company stock valued at $2,752,286. 3.60% of the stock is owned by insiders.

IPHI has been the topic of a number of analyst reports. Cowen reiterated a “buy” rating and set a $45.00 price objective on shares of Inphi in a research report on Wednesday, November 1st. Morgan Stanley boosted their target price on shares of Inphi from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. B. Riley boosted their target price on shares of Inphi from $42.50 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BidaskClub raised shares of Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Inphi in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.93.

Shares of Inphi Co. (NYSE:IPHI) opened at $25.20 on Wednesday. Inphi Co. has a one year low of $23.65 and a one year high of $51.78. The stock has a market cap of $1,039.52, a price-to-earnings ratio of 48.88 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.

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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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Institutional Ownership by Quarter for Inphi (NYSE:IPHI)

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