Inphi Co. (NYSE:IPHI) Expected to Post Quarterly Sales of $90.01 Million

Equities analysts expect that Inphi Co. (NYSE:IPHI) will announce sales of $90.01 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Inphi’s earnings, with estimates ranging from $89.97 million to $90.07 million. Inphi reported sales of $78.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The business is expected to announce its next earnings results on Thursday, November 7th.

On average, analysts expect that Inphi will report full year sales of $351.36 million for the current financial year, with estimates ranging from $330.20 million to $356.11 million. For the next year, analysts anticipate that the company will post sales of $421.51 million, with estimates ranging from $395.00 million to $449.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Inphi.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.43. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Inphi from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC boosted their target price on shares of Inphi from $40.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Bank of America set a $68.00 target price on shares of Inphi and gave the company a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. restated an “overweight” rating and set a $55.00 target price (up from $46.00) on shares of Inphi in a research report on Wednesday, May 1st. Finally, Northland Securities set a $30.00 target price on shares of Inphi and gave the company a “sell” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.00.

Shares of NYSE:IPHI traded up $0.85 on Thursday, hitting $63.75. 617,400 shares of the company were exchanged, compared to its average volume of 861,755. Inphi has a 1-year low of $29.56 and a 1-year high of $66.56. The stock has a 50 day moving average price of $58.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 7.69 and a quick ratio of 7.06. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of -111.84 and a beta of 1.56.

In other Inphi news, Director William J. Ruehle sold 2,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $43.34, for a total value of $108,350.00. Following the completion of the transaction, the director now owns 6,311 shares in the company, valued at $273,518.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Edmunds sold 10,141 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $50.00, for a total transaction of $507,050.00. Following the completion of the transaction, the chief financial officer now owns 255,283 shares of the company’s stock, valued at approximately $12,764,150. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,141 shares of company stock valued at $1,178,475. Insiders own 3.30% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. acquired a new position in shares of Inphi in the first quarter worth about $30,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Inphi during the second quarter worth about $40,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Inphi during the first quarter worth about $65,000. Strs Ohio purchased a new stake in shares of Inphi during the second quarter worth about $70,000. Finally, Marshall Wace LLP purchased a new stake in shares of Inphi during the first quarter worth about $70,000.

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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Earnings History and Estimates for Inphi (NYSE:IPHI)

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