Equities research analysts expect that Inphi Co. (NYSE:IPHI) will report sales of $99.86 million for the current fiscal quarter, according to Zacks. Six analysts have provided 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 would indicate a positive year over year growth rate of 15.4%. The firm is expected to announce 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 year, with estimates ranging from $362.47 million to $363.00 million. For the next fiscal year, analysts expect that the business will report sales of $439.58 million, with estimates ranging from $430.00 million to $445.78 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Inphi.
Inphi (NYSE:IPHI) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. Inphi had a positive return on equity of 0.46% and a negative net margin of 23.23%. The firm had revenue of $94.23 million during the quarter, compared to analysts’ expectations of $90.09 million. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 20.8% on a year-over-year basis.
IPHI has been the subject of a number of recent analyst reports. Deutsche Bank raised their price target on Inphi from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC raised their price target on Inphi from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research raised Inphi from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, October 9th. B. Riley increased their price objective on Inphi from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus set a $79.00 price objective on Inphi and gave the company a “buy” rating in a research report on Friday, November 1st. One equities 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 stock. The company has an average rating of “Buy” and a consensus price target of $64.00.
In other news, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $63.44, for a total value of $2,347,280.00. Following the transaction, the chief executive officer now directly owns 402,560 shares in the company, valued at approximately $25,538,406.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Charles Roach sold 2,000 shares of the firm’s stock in a transaction 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 in the company, valued at $6,818,301.60. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new position in shares of Inphi in the 1st quarter worth $30,000. Ladenburg Thalmann Financial Services Inc. boosted its position 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 purchasing an additional 262 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Inphi in the 2nd quarter worth $40,000. Strs Ohio bought a new position in shares of Inphi in the 2nd quarter worth $70,000. Finally, Marshall Wace LLP bought a new position in shares of Inphi in the 1st quarter worth $70,000.
IPHI stock traded up $1.52 during midday trading on Thursday, reaching $72.04. 647,669 shares of the company’s stock traded hands, compared to its average volume of 881,161. The company has a 50-day simple moving average of $63.41 and a two-hundred day simple moving average of $56.56. Inphi has a 1-year low of $29.56 and a 1-year high of $74.43. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -126.39 and a beta of 1.59. The company has a quick ratio of 7.06, a current ratio of 7.62 and a debt-to-equity ratio of 1.35.
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.
Further Reading: Cost of Debt
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Inphi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inphi and related companies with MarketBeat.com's FREE daily email newsletter.