Blue Rock Advisors Lowers stake in Inphi Corporation (IPHI)

Inphi Corporation (IPHI) : Blue Rock Advisors reduced its stake in Inphi Corporation by 18.65% during the most recent quarter end. The investment management company now holds a total of 18,947 shares of Inphi Corporation which is valued at $684,176 after selling 4,343 shares in Inphi Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Inphi Corporation makes up approximately 6.30% of Blue Rock Advisors’s portfolio.

Other Hedge Funds, Including , Thompson Davis boosted its stake in IPHI in the latest quarter, The investment management firm added 875 additional shares and now holds a total of 7,500 shares of Inphi Corporation which is valued at $270,825. Inphi Corporation makes up approx 0.41% of Thompson Davis’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in IPHI by selling 119,280 shares or 50.05% in the most recent quarter. The Hedge Fund company now holds 119,058 shares of IPHI which is valued at $4,188,460. Inphi Corporation makes up approx 0.22% of Emerald Mutual Fund Advisers Trust’s portfolio. Huntington National Bank added IPHI to its portfolio by purchasing 41 company shares during the most recent quarter which is valued at $1,469.Magee Thomson Investment Partners reduced its stake in IPHI by selling 110 shares or 76.39% in the most recent quarter. The Hedge Fund company now holds 34 shares of IPHI which is valued at $1,187.Lasalle Street Capital Management reduced its stake in IPHI by selling 33 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 11,026 shares of IPHI which is valued at $381,610. Inphi Corporation makes up approx 0.35% of Lasalle Street Capital Management’s portfolio.

Inphi Corporation closed down -0.07 points or -0.17% at $42.01 with 5,01,292 shares getting traded on Wednesday. Post opening the session at $42.01, the shares hit an intraday low of $41.15 and an intraday high of $42.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Inphi Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.28. The company had revenue of $60.50 million for the quarter, compared to analysts expectations of $69.30 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Inphi Corporation. Company shares were Reiterated by Needham on Aug 9, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Company shares were Reiterated by Stifel on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .

Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems such as telecommunications transport systems enterprise networking equipment datacenters and enterprise servers storage platforms test and measurement equipment and military systems. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications datacenter and computing infrastructures. It is engaged in developing broadband analog semiconductors operating at frequencies of up to 100 gigahertz. It has developed specific internal models and design kits for each process to support a uniform design methodology across its semiconductor solutions.

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