Citadel Advisors Increases Stake In Inphi Corporation to 5.1%

Ken Griffin’s Citadel Advisors LLC has increased its stake in Inphi Corporation (NYSE:IPHI) to 5.1%, following an acquisition revealed in SEC Form 13G filing. Citadel Advisors initially held 1,184,527, or 4.15% stake in the Broadline-Semiconductor company. Citadel Advisors, acquired 260,242 shares of common stock in the California-based tech company to bring its total to 1,444,769 shares, worth $12.4 million.

Citadel Advisors Increases Stake In Inphi Corporation  to 5.1%

The acquisition gives Ken Griffin, Citadel Advisors LLC, and his other investment vehicles used to acquire shares in the company a shared voting and disposal power equivalent to the number of shares held.

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Inphi Corporation (NYSE:IPHI) provides high-speed analog semiconductor solutions for communications and computing markets worldwide.

Inphi Corporation (NYSE:IPHI) has 28.49 million shares of common stock outstanding, with 21.50 million floated. It has a Market Cap of 244.45 million while Enterprise Value (EV) stands at $121.75 million. The company’s cash reserves stood at $122.71 million for the most recent quarter, which bridges the gap between Market Cap and EV.

Inphi Corporation (NYSE:IPHI) faces direct competition from Broadcom Corporation (NASDAQ:BRCM), Hittite Microwave Corp (NASDAQ:HITT), and Texas Instruments Incorporated (NASDAQ:TXN).

Elsewhere, Carl Icahn has acquired a stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Icahn bought 34,400 shares of common stock of the New York-based Processed and Packaged Goods company. Carl Icahn bought 22,600 shares at an average price of $59.04 per share on 6th November and added, 11,800 shares at an average price of $59.02, on November 7. Icahn also increased stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from 10% to 10.68%.

Inphi Corporation (NYSE:IPHI) was trading at $8.51, at the time of this writing, down $0.07 per share, or 0.82% decline from yesterday’s close. On the other hand, The Hain Celestial Group, Inc. (NASDAQ:HAIN), was up $1.82% or $1.10 per share, to trade at $61.53 at the time of this writing.