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.
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.
Many value investors have given up on their strategy over the last 15 years amid concerns that value investing no longer worked. However, some made small adjustments to their strategy but remained value investors to the core. Now all of the value investors who held fast to their investment philosophy are being rewarded as value Read More
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.