Company shares are trading at $39.99 which is slightly above the 50 day moving average of $38.04 and just above the 200 day moving average of $39.44. The 50 day moving average went up by +5.12% and the 200 day average went up by +1.40%. Trading volume for Inphi Corporation $0.001 par v was 362K in the last trading session. Volume was down 71.45% under the stocks average daily volume.
Traders are more bearish recently if you put credence in the change in short interest. The company recorded a rise in short interest of 4.68% between August 31, 2017 and September 15, 2017. Short shares grew from 8,909,580 to 9,326,868 over that period. Days to cover increased 1.0 to 14.0 and the percentage of shorted shares is 0.22% as of September 15.
Additionally, here are a few investment firms who have increased or decreased their stake in (IPHI). As of quarter end Ubs Group Ag had sold 29,135 shares trimming its stake by 90.5%. The value of the total investment in Inphi Corporation $0.001 par v went from $1,572,000 to $105,000 a change of 93.3% since the last quarter. Bluecrest Capital Management Ltd expanded its stake by buying 3,257 shares an increase of 13.9%. Bluecrest Capital Management Ltd now holds 26,757 shares worth $918,000. The total value of its holdings decreased 20.0%.
Magee Thomson Investment Partners LLC added to its position by buying 129,094 shares an increase of 614,733.3% from 12/31/2016 to 03/31/2017. Magee Thomson Investment Partners LLC claims 129,115 shares valued at $6,303,000. The value of the position overall is up by 630,200.0%. William Blair Investment Management, LLC grew its investment by buying 83,061 shares an increase of 12.6% in the quarter. William Blair Investment Management, LLC owns 742,327 shares with a value of $25,462,000. The value of the position overall is down by 20.9%.
July 21 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price target to $46.00 from $40.00. On August 8 Deutsche Bank kept the company rating at “Buy” but lowered the price expectation from $46.00 to $45.00.
August 8 investment analysts at Morgan Stanley made no change to the stock rating of “Overweight” but moved up the price target from $31.50 to $44.00.
The P/E ratio is 23.90 and the market cap is 1.69B. In the last earnings report the EPS was $1.67 and is projected to be $1.52 for the current year with 42,283,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.37 and the next full year EPS is projected to be $2.09.
Inphi Corporation, launched on November 13, 2000, is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Business’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters. The Company is involved in the design, development and sale of analog connectivity components that operate to maintain, amplify and manage signal integrity at high speeds in a range of applications. The Business’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications and datacenter infrastructures. The Company provides 25 gigabit (G) to 600G high-speed analog semiconductor solutions for the communications market..