Equities research analysts expect that Inphi Co. (NYSE:IPHI) will report sales of $99.86 million for the current quarter, Zacks reports. Six analysts have made estimates for Inphi’s earnings. The highest sales estimate is $100.03 million and the lowest is $99.73 million. Inphi posted sales of $86.53 million in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is expected to report its next earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Inphi will report full year sales of $362.64 million for the current fiscal year, with estimates ranging from $362.47 million to $363.00 million. For the next fiscal year, analysts forecast that the business will post sales of $439.58 million, with estimates ranging from $430.00 million to $445.78 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Inphi.
Inphi (NYSE:IPHI) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $94.23 million for the quarter, compared to the consensus estimate of $90.09 million. Inphi had a positive return on equity of 0.46% and a negative net margin of 23.23%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share.
Several brokerages recently weighed in on IPHI. Morgan Stanley increased their target price on Inphi from $45.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded Inphi from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, October 9th. ValuEngine downgraded Inphi from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays increased their target price on Inphi from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on Inphi from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Inphi has an average rating of “Buy” and a consensus price target of $64.00.
In other Inphi news, VP Charles Roach sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $63.60, for a total value of $127,200.00. Following the completion of the transaction, the vice president now owns 107,206 shares of the company’s stock, valued at approximately $6,818,301.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $63.44, for a total value of $2,347,280.00. Following the completion of the transaction, the chief executive officer now directly owns 402,560 shares of the company’s stock, valued at approximately $25,538,406.40. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of IPHI. Zions Bancorporation N.A. raised its holdings in shares of Inphi by 6.3% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock worth $215,000 after buying an additional 256 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Inphi by 56.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 727 shares of the semiconductor company’s stock worth $36,000 after buying an additional 262 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Inphi in the 1st quarter worth approximately $30,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Inphi by 4.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock worth $987,000 after buying an additional 780 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Inphi in the 2nd quarter worth approximately $40,000.
Shares of IPHI traded up $1.52 during trading hours on Thursday, hitting $72.04. 647,669 shares of the company were exchanged, compared to its average volume of 881,161. The company has a market cap of $3.18 billion, a PE ratio of -126.39 and a beta of 1.59. The firm’s 50 day moving average is $63.41 and its 200-day moving average is $56.56. Inphi has a 52 week low of $29.56 and a 52 week high of $74.43. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.06 and a current ratio of 7.62.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
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