Juncture Wealth Strategies Lowers stake in Inphi Corporation (IPHI)

Inphi Corporation (IPHI) : Juncture Wealth Strategies reduced its stake in Inphi Corporation by 4.27% during the most recent quarter end. The investment management company now holds a total of 33,604 shares of Inphi Corporation which is valued at $1,140,520 after selling 1,500 shares in Inphi Corporation , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Inphi Corporation makes up approximately 0.80% of Juncture Wealth Strategies’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in IPHI by selling 6 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 294 shares of IPHI which is valued at $9,811. Cutler Group Lp added IPHI to its portfolio by purchasing 896 company shares during the most recent quarter which is valued at $29,900.Mazama Capital Management Inc reduced its stake in IPHI by selling 361 shares or 21.4% in the most recent quarter. The Hedge Fund company now holds 1,326 shares of IPHI which is valued at $43,400. Inphi Corporation makes up approx 0.01% of Mazama Capital Management Inc’s portfolio.

Inphi Corporation opened for trading at $33.78 and hit $34.23 on the upside on Monday, eventually ending the session at $33.94, with a gain of 1.16% or 0.39 points. The heightened volatility saw the trading volume jump to 2,74,847 shares. Company has a market cap of $1,371 M.

On the company’s financial health, Inphi Corporation reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $66.50 million for the quarter, compared to analysts expectations of $66.32 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Inphi Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Inphi Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.