Inphi Co. (IPHI) Expected to Announce Earnings of $0.06 Per Share

Wall Street brokerages expect Inphi Co. (NYSE:IPHI) to report earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Inphi’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. Inphi posted earnings of $0.16 per share in the same quarter last year, which suggests a negative year over year growth rate of 62.5%. The business is scheduled to issue its next quarterly earnings report on Monday, August 14th.

On average, analysts expect that Inphi will report full-year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.69. For the next financial year, analysts forecast that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.31 to $1.35. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Inphi.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $93.58 million during the quarter, compared to the consensus estimate of $93.49 million. Inphi had a return on equity of 11.69% and a net margin of 35.68%.

A number of analysts recently weighed in on IPHI shares. B. Riley reissued a “buy” rating and issued a $48.25 target price on shares of Inphi in a research note on Wednesday, May 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $60.00 target price on shares of Inphi in a research note on Wednesday, March 22nd. Jefferies Group LLC lowered their target price on shares of Inphi from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Deutsche Bank AG lowered their target price on shares of Inphi from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, TheStreet cut shares of Inphi from a “b” rating to a “c” rating in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $51.58.

In other Inphi news, General Counsel Richard Ogawa sold 1,434 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $44.12, for a total transaction of $63,268.08. Following the sale, the general counsel now directly owns 58,777 shares of the company’s stock, valued at $2,593,241.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ron Torten sold 956 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $46.38, for a total transaction of $44,339.28. Following the sale, the vice president now directly owns 60,374 shares in the company, valued at $2,800,146.12. The disclosure for this sale can be found here. Insiders have sold 14,660 shares of company stock worth $652,458 over the last ninety days. Insiders own 4.22% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. boosted its stake in shares of Inphi by 0.3% in the first quarter. Suntrust Banks Inc. now owns 6,673 shares of the semiconductor company’s stock valued at $324,000 after buying an additional 20 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Inphi by 1.9% in the first quarter. Bank of Montreal Can now owns 5,673 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 105 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Inphi by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,556 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 160 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Inphi by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 41,950 shares of the semiconductor company’s stock valued at $2,048,000 after buying an additional 200 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of Inphi by 17.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,776 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 701 shares in the last quarter. 97.62% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Inphi (IPHI) traded down 5.01% during trading on Wednesday, reaching $37.73. 1,425,662 shares of the company’s stock were exchanged. The company has a market capitalization of $1.59 billion, a PE ratio of 18.77 and a beta of 1.39. The company has a 50 day moving average price of $39.69 and a 200-day moving average price of $44.45. Inphi has a 52-week low of $25.89 and a 52-week high of $51.78.

Inphi 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.

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