Equities research analysts expect Inphi Co. (NYSE:IPHI) to announce sales of $69.35 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Inphi’s earnings, with the lowest sales estimate coming in at $68.70 million and the highest estimate coming in at $70.00 million. Inphi reported sales of $84.42 million during the same quarter last year, which indicates a negative year over year growth rate of 17.9%. The firm is scheduled to report its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Inphi will report full year sales of $301.81 million for the current year, with estimates ranging from $291.00 million to $361.00 million. For the next year, analysts forecast that the firm will post sales of $374.96 million per share, with estimates ranging from $360.10 million to $430.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Inphi.
Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Inphi had a negative net margin of 27.52% and a negative return on equity of 0.01%. The company had revenue of $60.10 million during the quarter, compared to analyst estimates of $59.82 million. During the same period last year, the firm posted $0.44 EPS. Inphi’s revenue for the quarter was down 35.8% compared to the same quarter last year.
Several equities analysts have recently weighed in on IPHI shares. Barclays started coverage on shares of Inphi in a report on Wednesday, May 30th. They set an “overweight” rating and a $40.00 target price for the company. ValuEngine raised shares of Inphi from a “hold” rating to a “buy” rating in a report on Monday. DA Davidson set a $32.00 target price on shares of Inphi and gave the company a “hold” rating in a report on Wednesday, April 25th. Needham & Company LLC lowered shares of Inphi from a “strong-buy” rating to a “buy” rating and set a $35.00 target price for the company. in a report on Wednesday, April 25th. Finally, Zacks Investment Research raised shares of Inphi from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.60.
In related news, General Counsel Richard Ogawa sold 4,986 shares of the business’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $31.43, for a total value of $156,709.98. Following the completion of the sale, the general counsel now owns 54,755 shares of the company’s stock, valued at approximately $1,720,949.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ron Torten sold 4,309 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $150,815.00. Following the completion of the sale, the vice president now directly owns 76,955 shares of the company’s stock, valued at approximately $2,693,425. The disclosure for this sale can be found here. In the last three months, insiders sold 12,755 shares of company stock valued at $416,609. 3.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in IPHI. Epoch Investment Partners Inc. boosted its stake in Inphi by 102.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,351,636 shares of the semiconductor company’s stock worth $40,684,000 after purchasing an additional 683,493 shares during the last quarter. Elk Creek Partners LLC boosted its stake in Inphi by 89.2% during the 1st quarter. Elk Creek Partners LLC now owns 937,763 shares of the semiconductor company’s stock worth $28,227,000 after purchasing an additional 442,240 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Inphi by 237.7% during the 1st quarter. Frontier Capital Management Co. LLC now owns 435,077 shares of the semiconductor company’s stock worth $13,096,000 after purchasing an additional 306,226 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in Inphi during the 1st quarter worth $9,073,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Inphi by 229.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 365,832 shares of the semiconductor company’s stock worth $13,389,000 after purchasing an additional 254,835 shares during the last quarter.
Inphi traded down $0.06, reaching $33.86, during trading on Friday, according to MarketBeat. 412,400 shares of the company’s stock were exchanged, compared to its average volume of 862,464. Inphi has a 1 year low of $23.65 and a 1 year high of $44.32. The company has a current ratio of 8.76, a quick ratio of 8.14 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.44 billion, a PE ratio of 58.59 and a beta of 1.03.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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