Brokerages predict that Inphi Co. (NYSE:IPHI) will report sales of $85.54 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Inphi’s earnings, with the lowest sales estimate coming in at $83.22 million and the highest estimate coming in at $88.00 million. Inphi reported sales of $85.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.2%. The business is scheduled to issue its next earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Inphi will report full year sales of $293.18 million for the current fiscal year, with estimates ranging from $290.40 million to $298.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $359.89 million, with estimates ranging from $349.54 million to $370.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Inphi.
Inphi (NYSE:IPHI) last released its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Inphi had a negative net margin of 25.21% and a negative return on equity of 5.20%. The firm had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $77.93 million. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. B. Riley cut shares of Inphi from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $37.00 to $36.00 in a research note on Thursday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Inphi from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday. Loop Capital assumed coverage on shares of Inphi in a research note on Wednesday, July 25th. They set a “buy” rating and a $43.00 target price on the stock. Barclays lowered their target price on shares of Inphi from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research cut shares of Inphi from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $37.29.
Shares of IPHI opened at $35.54 on Tuesday. Inphi has a 52-week low of $23.65 and a 52-week high of $44.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.90 and a current ratio of 7.42. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 61.28 and a beta of 1.25.
In other news, VP Ron Torten sold 12,342 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $35.00, for a total transaction of $431,970.00. Following the transaction, the vice president now owns 64,386 shares of the company’s stock, valued at approximately $2,253,510. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 12,694 shares of company stock worth $444,709. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Inphi by 118.7% during the 2nd quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock valued at $116,000 after acquiring an additional 1,932 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Inphi by 13.0% during the 3rd quarter. First Trust Advisors LP now owns 21,629 shares of the semiconductor company’s stock valued at $821,000 after acquiring an additional 2,483 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Inphi by 17.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,627 shares of the semiconductor company’s stock valued at $640,000 after acquiring an additional 2,960 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Inphi during the 3rd quarter valued at about $115,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Inphi during the 2nd quarter valued at about $203,000.
Inphi Company Profile
Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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