Equities analysts forecast that Inphi Co. (NYSE:IPHI) will announce $77.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Inphi’s earnings, with the lowest sales estimate coming in at $76.50 million and the highest estimate coming in at $80.00 million. Inphi posted sales of $84.51 million during the same quarter last year, which would indicate a negative year over year growth rate of 8%. The business is expected to report its next earnings report on Tuesday, October 30th.
On average, analysts expect that Inphi will report full year sales of $293.57 million for the current financial year, with estimates ranging from $290.40 million to $298.00 million. For the next year, analysts forecast that the business will post sales of $362.93 million per share, with estimates ranging from $350.00 million to $370.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Inphi.
Inphi (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.38. Inphi had a negative return on equity of 3.51% and a negative net margin of 33.36%. The business had revenue of $69.81 million for the quarter, compared to analysts’ expectations of $69.28 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue was down 17.3% on a year-over-year basis.
IPHI has been the topic of several research reports. Needham & Company LLC lowered Inphi from a “strong-buy” rating to a “buy” rating and set a $35.00 target price on the stock. in a research report on Wednesday, April 25th. DA Davidson increased their target price on Inphi to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Bank of America increased their target price on Inphi from $23.00 to $27.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 25th. ValuEngine raised Inphi from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Loop Capital initiated coverage on Inphi in a research report on Wednesday, July 25th. They issued a “buy” rating and a $43.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Inphi currently has a consensus rating of “Hold” and a consensus price target of $38.35.
In other Inphi news, VP Ron Torten sold 4,309 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $35.00, for a total value of $150,815.00. Following the transaction, the vice president now directly owns 76,955 shares of the company’s stock, valued at $2,693,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,880 shares of company stock worth $169,618 over the last three months. 3.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC increased its position in shares of Inphi by 5.3% during the second quarter. Stephens Investment Management Group LLC now owns 220,380 shares of the semiconductor company’s stock worth $7,134,000 after acquiring an additional 11,166 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Inphi by 40.1% during the second quarter. Janus Henderson Group PLC now owns 581,966 shares of the semiconductor company’s stock worth $18,978,000 after acquiring an additional 166,615 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Inphi during the second quarter worth about $1,177,000. Schwab Charles Investment Management Inc. increased its position in shares of Inphi by 10.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 229,405 shares of the semiconductor company’s stock worth $7,481,000 after acquiring an additional 21,174 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Inphi by 17.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 19,627 shares of the semiconductor company’s stock worth $640,000 after acquiring an additional 2,960 shares during the last quarter.
Shares of Inphi traded down $0.27, hitting $33.38, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 282,442 shares, compared to its average volume of 770,923. The company has a current ratio of 7.42, a quick ratio of 8.14 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.48 billion, a P/E ratio of 57.55 and a beta of 0.98. Inphi has a 12-month low of $23.65 and a 12-month high of $44.32.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.
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