Analysts Anticipate Inphi Co. (NYSE:IPHI) Will Post Earnings of $0.45 Per Share

Brokerages expect Inphi Co. (NYSE:IPHI) to post earnings per share of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Inphi’s earnings, with estimates ranging from $0.42 to $0.47. Inphi also reported earnings of $0.45 per share during the same quarter last year. The company is scheduled to issue its next earnings results on Tuesday, February 4th.

On average, analysts expect that Inphi will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.61. For the next year, analysts forecast that the business will post earnings of $2.06 per share, with EPS estimates ranging from $1.80 to $2.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Inphi.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Inphi had a negative net margin of 23.23% and a positive return on equity of 0.46%. The firm had revenue of $94.23 million for the quarter, compared to analyst estimates of $90.09 million. During the same period last year, the firm posted $0.30 EPS. Inphi’s quarterly revenue was up 20.8% on a year-over-year basis.

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price (up previously from $72.00) on shares of Inphi in a report on Monday, November 11th. Deutsche Bank raised their target price on Inphi from $68.00 to $70.00 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 $93.00 target price for the company in a report on Wednesday. Stifel Nicolaus set a $79.00 target price on Inphi and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities reissued a “hold” rating on shares of Inphi in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $72.57.

In other news, Director Chenming Hu sold 7,000 shares of Inphi stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $497,000.00. Following the completion of the transaction, the director now owns 65,503 shares of the company’s stock, valued at approximately $4,650,713. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Richard Ogawa sold 2,336 shares of Inphi stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $73.49, for a total value of $171,672.64. Following the transaction, the general counsel now directly owns 49,292 shares of the company’s stock, valued at approximately $3,622,469.08. The disclosure for this sale can be found here. Insiders have sold a total of 54,960 shares of company stock valued at $4,032,553 in the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. acquired a new position in shares of Inphi during the 4th quarter worth $39,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Inphi in the 3rd quarter valued at about $596,000. Maverick Capital Ltd. acquired a new position in Inphi in the 3rd quarter valued at about $27,927,000. Metropolitan Life Insurance Co NY raised its stake in Inphi by 7.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,649 shares of the semiconductor company’s stock valued at $894,000 after purchasing an additional 955 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Inphi by 29.7% in the 3rd quarter. Millennium Management LLC now owns 461,461 shares of the semiconductor company’s stock valued at $28,172,000 after purchasing an additional 105,597 shares during the last quarter.

NYSE:IPHI opened at $82.66 on Friday. Inphi has a 1-year low of $33.58 and a 1-year high of $83.43. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.62 and a quick ratio of 6.83. The firm’s fifty day moving average price is $74.26 and its 200 day moving average price is $65.57. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -145.02, a price-to-earnings-growth ratio of 8.15 and a beta of 1.61.

Inphi Company Profile

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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