Analysts Expect Inphi Corporation (IPHI) Will Announce Earnings of $0.36 Per Share

Equities analysts expect Inphi Corporation (NYSE:IPHI) to announce $0.36 earnings per share for the current quarter, according to Zacks. Eight analysts have made estimates for Inphi’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.35. Inphi reported earnings per share of $0.47 in the same quarter last year, which indicates a negative year over year growth rate of 23.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Inphi will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.52. For the next fiscal year, analysts expect that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.79 to $2.10. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Inphi.

Inphi (NYSE:IPHI) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.27. Inphi had a positive return on equity of 7.79% and a negative net margin of 16.27%. The firm had revenue of $84.50 million for the quarter, compared to the consensus estimate of $84.30 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis.

Several research analysts recently weighed in on IPHI shares. Zacks Investment Research upgraded Inphi from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Northland Securities reissued a “hold” rating and issued a $33.00 price objective on shares of Inphi in a report on Friday, September 15th. Rosenblatt Securities cut Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Thursday, December 7th. Morgan Stanley boosted their price objective on Inphi from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, B. Riley reissued a “buy” rating and issued a $48.00 price objective (up previously from $42.50) on shares of Inphi in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Inphi currently has an average rating of “Buy” and a consensus price target of $45.00.

In other Inphi news, Director Diosdado P. Banatao sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $40.77, for a total transaction of $326,160.00. Following the completion of the transaction, the director now owns 6,542 shares of the company’s stock, valued at $266,717.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles Roach sold 28,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total value of $1,127,560.00. Following the transaction, the vice president now directly owns 93,947 shares of the company’s stock, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. Insiders sold a total of 100,298 shares of company stock valued at $4,038,867 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Inphi by 48.2% during the second quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock valued at $1,292,000 after acquiring an additional 12,246 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in shares of Inphi by 2.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock valued at $32,115,000 after acquiring an additional 16,255 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Inphi by 839.2% during the second quarter. Westfield Capital Management Co. LP now owns 346,860 shares of the semiconductor company’s stock valued at $11,897,000 after acquiring an additional 309,930 shares during the last quarter. Quentec Asset Management LLC acquired a new position in shares of Inphi during the second quarter valued at approximately $6,255,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Inphi by 11.0% during the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock valued at $3,164,000 after acquiring an additional 9,105 shares during the last quarter.

Shares of Inphi (NYSE IPHI) traded up $0.38 during mid-day trading on Tuesday, reaching $38.98. The company had a trading volume of 311,100 shares, compared to its average volume of 497,520. Inphi has a 1 year low of $33.00 and a 1 year high of $51.78. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,640.00, a P/E ratio of -28.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03.

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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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