As Inphi (IPHI) Stock Price Rose, Elk Creek Partners Has Raised Position by $13.27 Million; China Yuchai Intl LTD (CYD) Holder Shah Capital Management Trimmed Its Stake

June 15, 2018 - By Ruchi Gupta

China Yuchai International Limited (NYSE:CYD) Logo

Himanshu H. Shah decreased its stake in China Yuchai Intl Ltd (CYD) by 2.23% based on its latest 2018Q1 regulatory filing with the SEC. Shah Capital Management sold 72,651 shares as the company’s stock declined 13.58% with the market. The hedge fund run by Himanshu H. Shah held 3.19 million shares of the industrial machinery and components company at the end of 2018Q1, valued at $67.45M, down from 3.26M at the end of the previous reported quarter. Shah Capital Management who had been investing in China Yuchai Intl Ltd for a number of months, seems to be less bullish one the $858.84M market cap company. The stock decreased 0.99% or $0.21 during the last trading session, reaching $21.02. About 9,340 shares traded. China Yuchai International Limited (NYSE:CYD) has risen 20.29% since June 15, 2017 and is uptrending. It has outperformed by 7.72% the S&P500. Some Historical CYD News: 24/05/2018 – SHAH CAPITAL – SENT LETTER TO CHINA YUCHAI INTERNATIONAL’S DIRECTORS ON MAY 23 WITH PROPOSALS TO BE DISCUSSED AT UPCOMING JUNE 2018 AGM – SEC FILING; 20/04/2018 – China Yuchai Announces Delivery of 800 Buses Powered by GYMCL Engines to Saudi Arabia; 10/05/2018 – China Yuchai 1Q Net $52.2M; 30/05/2018 – China Yuchai Closes Above 200-Day Moving Average: Technicals; 24/05/2018 – SHAH CAPITAL – PROPOSAL SAYS CHINA YUCHAI INTERNATIONAL SHOULD CONSIDER DUAL LISTING IN HONG KONG OR SHENZHEN/SHANGHAI; 16/04/2018 – CHINA YUCHAI INTERNATIONAL – UNIT MTU YUCHAI POWER COMMENCED PRODUCTION OF MTU S4000 SERIES ENGINES IN ITS NEW FACILITY IN YULIN CITY, CHINA; 10/05/2018 – China Yuchai 1Q EPS 94c; 24/05/2018 – SHAH CAPITAL – PROPOSAL SAYS CYI SHOULD CONSIDER ESTABLISHING A FINANCIAL LEASING CO BY ITSELF/ IN PARTNERSHIP WITH CHINESE FINANCIAL ENTITY; 18/05/2018 – Notice Of Annual General Meeting; 10/05/2018 – China Yuchai 1Q Rev $689.7M

Elk Creek Partners Llc increased its stake in Inphi Corp (IPHI) by 89.25% based on its latest 2018Q1 regulatory filing with the SEC. Elk Creek Partners Llc bought 442,240 shares as the company’s stock rose 19.28% while stock markets declined. The institutional investor held 937,763 shares of the semiconductors company at the end of 2018Q1, valued at $28.23 million, up from 495,523 at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Inphi Corp for a number of months, seems to be bullish on the $1.57B market cap company. The stock decreased 0.55% or $0.2 during the last trading session, reaching $35.85. About 40,036 shares traded. Inphi Corporation (NYSE:IPHI) has declined 14.29% since June 15, 2017 and is downtrending. It has underperformed by 26.86% the S&P500. Some Historical IPHI News: 24/04/2018 – Inphi Sees 2Q Rev $67.3M-$71.3M; 24/04/2018 – Inphi 1Q Loss $23M; 24/04/2018 – INPHI 1Q REV. CONT OPS $60.1M, EST. $59.8M; 22/03/2018 – Inphi 16nm Polaris PAM4 Platform Named Winner in 2018 Lightwave Innovation Reviews Program; 25/04/2018 – Inphi Closes Below 50-Day Moving Average: Technicals; 08/03/2018 lnphi Opens OFC 2018 with Comprehensive Portfolio of Solutions for Data Center lnterconnects and Inside Data Centers

More news for China Yuchai International Limited (NYSE:CYD) were recently published by: Globenewswire.com, which released: “Report: Exploring Fundamental Drivers Behind Canadian Solar, Halcon Resources, Enstar Group, Delek Logistics …” on June 01, 2018. Prnewswire.com‘s article titled: “Notice Of Annual General Meeting” and published on May 18, 2018 is yet another important article.

Shah Capital Management, which manages about $220.22M and $215.13M US Long portfolio, upped its stake in Genworth Financial Inc (NYSE:GNW) by 201,900 shares to 6.64M shares, valued at $18.79 million in 2018Q1, according to the filing. It also increased its holding in Veon Ltd (NASDAQ:VIP) by 335,217 shares in the quarter, for a total of 3.55 million shares, and has risen its stake in Aegean Marine Petroleum (NYSE:ANW).

Among 19 analysts covering Inphi (NYSE:IPHI), 14 have Buy rating, 2 Sell and 3 Hold. Therefore 74% are positive. Inphi had 84 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, March 23, the company rating was maintained by Rosenblatt. Stifel Nicolaus maintained Inphi Corporation (NYSE:IPHI) rating on Sunday, August 6. Stifel Nicolaus has “Buy” rating and $4500 target. The company was maintained on Wednesday, November 2 by Cowen & Co. Stifel Nicolaus maintained Inphi Corporation (NYSE:IPHI) rating on Wednesday, October 28. Stifel Nicolaus has “Buy” rating and $34 target. The firm earned “Overweight” rating on Wednesday, December 13 by Morgan Stanley. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, January 19 report. TH Capital maintained Inphi Corporation (NYSE:IPHI) rating on Thursday, December 10. TH Capital has “Buy” rating and $35 target. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, March 23 report. The firm has “Hold” rating by Rosenblatt given on Thursday, December 7. Cowen & Co maintained the shares of IPHI in report on Friday, September 29 with “Buy” rating.

Elk Creek Partners Llc, which manages about $800.79M and $1.71 billion US Long portfolio, decreased its stake in Korn Ferry Intl (NYSE:KFY) by 10,999 shares to 559,047 shares, valued at $28.84M in 2018Q1, according to the filing. It also reduced its holding in Green Dot Corp (NYSE:GDOT) by 5,479 shares in the quarter, leaving it with 245,317 shares, and cut its stake in Maxlinear Inc (NYSE:MXL).

Investors sentiment decreased to 1 in Q1 2018. Its down 0.15, from 1.15 in 2017Q4. It dropped, as 38 investors sold IPHI shares while 40 reduced holdings. 23 funds opened positions while 55 raised stakes. 54.82 million shares or 8.12% more from 50.71 million shares in 2017Q4 were reported. Swiss Bank has 66,400 shares for 0% of their portfolio. Bancorporation Of New York Mellon owns 231,884 shares for 0% of their portfolio. Snow Cap Mngmt Limited Partnership reported 50,000 shares. Citadel Advsrs Ltd Llc has invested 0.03% of its portfolio in Inphi Corporation (NYSE:IPHI). Granahan Inv Mgmt Ma holds 0.08% in Inphi Corporation (NYSE:IPHI) or 38,855 shares. Asset Management, a Colorado-based fund reported 1,013 shares. Denver Invest Advsr Limited Liability Company reported 28,754 shares stake. Fred Alger owns 52,678 shares. Envestnet Asset Mgmt holds 0% of its portfolio in Inphi Corporation (NYSE:IPHI) for 1,446 shares. Rhumbline Advisers reported 41,303 shares. Adage Capital Prns Gp Limited Liability Com reported 0.07% of its portfolio in Inphi Corporation (NYSE:IPHI). Goldman Sachs Gru has 30,490 shares. Elk Creek Prtn reported 937,763 shares stake. Bancshares Of America De reported 1.00 million shares or 0.01% of all its holdings. Alphaone Inv Svcs Limited Liability Company accumulated 106,027 shares.

Since January 3, 2018, it had 1 insider buy, and 9 sales for $3.17 million activity. On Wednesday, January 3 the insider Torten Ron sold $6,786. EDMUNDS JOHN also sold $2.74M worth of Inphi Corporation (NYSE:IPHI) on Wednesday, February 14. 5,000 shares were bought by SRINIVASAN SAM, worth $124,650 on Friday, February 16.

More news for Inphi Corporation (NYSE:IPHI) were recently published by: Seekingalpha.com, which released: “Weak Fundamentals And High Valuation Multiples Make Inphi A Short Candidate” on May 18, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows Northwest Natural Gas, Brooks Automation, Insmed, Host Hotels & Resorts, Prospect Capital …” and published on May 30, 2018 is yet another important article.

Inphi Corporation (NYSE:IPHI) Institutional Positions Chart

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