Polar Asset Management Partners adds Inphi Corporation (IPHI) to its portfolio

Inphi Corporation (IPHI) : Polar Asset Management Partners added new position in Inphi Corporation during the most recent quarter end. The investment management firm now holds 323,000 shares of Inphi Corporation which is valued at $13,469,100 , the company said in a statement filed on Aug 15, 2016 with the SEC.Inphi Corporation makes up approximately 1.11% of Polar Asset Management Partners’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in IPHI in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 25,050 shares of Inphi Corporation which is valued at $1,044,585.Geode Capital Management boosted its stake in IPHI in the latest quarter, The investment management firm added 17,220 additional shares and now holds a total of 244,049 shares of Inphi Corporation which is valued at $10,176,843. Inphi Corporation makes up approx 0.01% of Geode Capital Management’s portfolio. White Pine Capital sold out all of its stake in IPHI during the most recent quarter. The investment firm sold 25,700 shares of IPHI which is valued $1,071,690.Blackrock Institutional Trust Company N.a. boosted its stake in IPHI in the latest quarter, The investment management firm added 17,807 additional shares and now holds a total of 894,785 shares of Inphi Corporation which is valued at $37,312,535. Inphi Corporation makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.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.

Inphi Corporation opened for trading at $42.98 and hit $43.28 on the upside on Thursday, eventually ending the session at $43.22, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 7,85,610 shares. Company has a market cap of $1,758 M.

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. Inphi Corporation was Downgraded by Northland Capital to ” Market Perform” on Sep 7, 2016. JP Morgan Initiated Inphi Corporation on Aug 30, 2016 to “Overweight”, Price Target of the shares are set at $55.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 .

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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