Kayak Investment Partners LLC lowered its stake in shares of Inphi Corporation (NYSE:IPHI) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 217,516 shares of the semiconductor company’s stock after selling 29,663 shares during the period. Inphi Corporation makes up approximately 3.6% of Kayak Investment Partners LLC’s portfolio, making the stock its 13th biggest holding. Kayak Investment Partners LLC owned about 0.51% of Inphi Corporation worth $7,461,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Inphi Corporation by 1,047.9% during the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after purchasing an additional 5,380,825 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Inphi Corporation by 3.7% in the second quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after purchasing an additional 180,367 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Inphi Corporation by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after purchasing an additional 97,957 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Inphi Corporation by 1,081.8% in the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after purchasing an additional 2,525,313 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after purchasing an additional 2,494,049 shares during the last quarter.

A number of research firms have recently weighed in on IPHI. Cowen and Company restated a “buy” rating and issued a $45.00 target price on shares of Inphi Corporation in a report on Sunday. Northland Securities reiterated a “hold” rating and set a $33.00 price target on shares of Inphi Corporation in a report on Friday, September 15th. Zacks Investment Research raised Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price target on shares of Inphi Corporation in a research report on Tuesday, September 12th. Finally, BidaskClub lowered Inphi Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Inphi Corporation presently has a consensus rating of “Buy” and an average price target of $44.81.

Inphi Corporation (NYSE:IPHI) traded down 0.10% during mid-day trading on Wednesday, reaching $40.00. 144,306 shares of the company were exchanged. The stock has a 50-day moving average price of $37.96 and a 200 day moving average price of $39.43. The company has a market capitalization of $1.69 billion, a PE ratio of 23.91 and a beta of 1.19. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings data on Monday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Analysts predict that Inphi Corporation will post $1.52 EPS for the current year.

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Inphi Corporation Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

Institutional Ownership by Quarter for Inphi Corporation (NYSE:IPHI)

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