Thrax Management adds Inphi Corporation (IPHI) to its portfolio

Inphi Corporation (IPHI) : Thrax Management added new position in Inphi Corporation during the most recent quarter end. The investment management firm now holds 142,104 shares of Inphi Corporation which is valued at $6,052,209 , the company said in a statement filed on Nov 14, 2016 with the SEC.Inphi Corporation makes up approximately 2.34% of Thrax Management’s portfolio.

Other Hedge Funds, Including , Pier Capital reduced its stake in IPHI by selling 55,064 shares or 28.95% in the most recent quarter. The Hedge Fund company now holds 135,148 shares of IPHI which is valued at $5,755,953. Inphi Corporation makes up approx 1.03% of Pier Capital’s portfolio. Oz Management Lp added IPHI to its portfolio by purchasing 71,039 company shares during the most recent quarter which is valued at $2,980,086. Inphi Corporation makes up approx 0.03% of Oz Management Lp’s portfolio. Spark Investment Management sold out all of its stake in IPHI during the most recent quarter. The investment firm sold 63,600 shares of IPHI which is valued $2,668,020.Aperio Group boosted its stake in IPHI in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 6,321 shares of Inphi Corporation which is valued at $258,466. Quantbot Technologies Lp sold out all of its stake in IPHI during the most recent quarter. The investment firm sold 837 shares of IPHI which is valued $31,680.

Inphi Corporation closed down -0.43 points or -0.92% at $46.39 with 8,11,192 shares getting traded on Monday. Post opening the session at $46.8, the shares hit an intraday low of $46.2911 and an intraday high of $47.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Inphi Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.38. The company had revenue of $70.75 million for the quarter, compared to analysts expectations of $67.88 million. The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Inphi Corporation. Company shares were Reiterated by Cowen on Nov 2, 2016 to “Market Perform”, Firm has raised the Price Target to $ 41 from a previous price target of $39 .Cowen Initiated Inphi Corporation on Oct 14, 2016 to “Market Perform”, Price Target of the shares are set at $39.Company shares were Reiterated by Stifel on Oct 13, 2016 to “Buy”, Firm has raised the Price Target to $ 48 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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