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

Analysts expect Inphi Co. (NYSE:IPHI) to report $0.45 earnings per share 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 per share of $0.45 during the same quarter last year. The firm is expected to issue its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, 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 $1.60. For the next fiscal year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.80 to $2.15. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Inphi.

Inphi (NYSE:IPHI) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 20.8% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $79.00 target price on shares of Inphi and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays upped their target price on shares of Inphi from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Cowen increased their price target on shares of Inphi from $53.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Bank of America increased their price target on shares of Inphi from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Morgan Stanley increased their price target on shares of Inphi from $45.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $64.00.

Shares of IPHI stock traded up $1.52 during trading hours on Tuesday, reaching $72.04. 647,669 shares of the stock were exchanged, compared to its average volume of 881,161. The business’s fifty day moving average is $63.41 and its two-hundred day moving average is $56.56. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.62 and a quick ratio of 7.06. Inphi has a 12-month low of $29.56 and a 12-month high of $74.43. The firm has a market capitalization of $3.18 billion, a P/E ratio of -126.39 and a beta of 1.59.

In other news, VP Charles Roach sold 2,000 shares of the 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 sale, the vice president now directly owns 107,206 shares of the company’s stock, valued at $6,818,301.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the 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 sale, the chief executive officer now directly owns 402,560 shares of the company’s stock, valued at $25,538,406.40. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Zions Bancorporation N.A. boosted its holdings in shares of Inphi by 6.3% in the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 256 shares during the period. Scout Investments Inc. boosted its holdings in shares of Inphi by 65.8% in the second quarter. Scout Investments Inc. now owns 116,105 shares of the semiconductor company’s stock valued at $5,817,000 after acquiring an additional 46,080 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Inphi in the second quarter valued at approximately $666,000. Nuveen Asset Management LLC acquired a new stake in shares of Inphi in the second quarter valued at approximately $39,679,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Inphi by 2,676.2% in the second quarter. Point72 Asset Management L.P. now owns 59,300 shares of the semiconductor company’s stock valued at $2,971,000 after acquiring an additional 57,164 shares during the period.

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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