Shellback Capital Lp buys $18,678,473 stake in Inphi Corporation (IPHI)

Inphi Corporation (IPHI) : Shellback Capital Lp scooped up 401,306 additional shares in Inphi Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 447,925 shares of Inphi Corporation which is valued at $18,678,473.Inphi Corporation makes up approximately 2.23% of Shellback Capital Lp’s portfolio.

Other Hedge Funds, Including , Moore Capital Management Lp added IPHI to its portfolio by purchasing 40,000 company shares during the most recent quarter which is valued at $1,668,000. Inphi Corporation makes up approx 0.08% of Moore Capital Management Lp’s portfolio. Jefferies Group added IPHI to its portfolio by purchasing 7,267 company shares during the most recent quarter which is valued at $303,034. Inphi Corporation makes up approx 0.01% of Jefferies Group’s portfolio.Swiss National Bank boosted its stake in IPHI in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 59,400 shares of Inphi Corporation which is valued at $2,058,210. Capital Fund Management S.a. added IPHI to its portfolio by purchasing 43,000 company shares during the most recent quarter which is valued at $1,541,120. Inphi Corporation makes up approx 0.03% of Capital Fund Management S.a.’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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