Equities research analysts expect Inphi Co. (NYSE:IPHI) to post sales of $99.86 million for the current quarter, according to Zacks. Six analysts have issued estimates for Inphi’s earnings, with estimates ranging from $99.73 million to $100.03 million. Inphi reported sales of $86.53 million in 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 Tuesday, February 4th.
On average, analysts expect that Inphi will report full year sales of $362.64 million for the current year, with estimates ranging from $362.47 million to $363.00 million. For the next year, analysts forecast that the business will post sales of $439.58 million, with estimates ranging from $430.00 million to $445.78 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Inphi.
Inphi (NYSE:IPHI) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. Inphi had a positive return on equity of 0.46% and a negative net margin of 23.23%. The firm had revenue of $94.23 million during the quarter, compared to analysts’ expectations of $90.09 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis.
IPHI has been the subject of a number of recent research reports. Craig Hallum raised their target price on Inphi from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. DA Davidson lifted their price target on shares of Inphi from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target (up previously from $72.00) on shares of Inphi in a report on Monday, November 11th. Rosenblatt Securities restated a “hold” rating on shares of Inphi in a research note on Monday, November 11th. Finally, Deutsche Bank raised their price objective on shares of Inphi from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $71.93.
In other Inphi news, VP Ron Torten sold 3,083 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.60, for a total value of $226,908.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chenming Hu sold 7,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $497,000.00. Following the sale, the director now directly owns 65,503 shares in the company, valued at $4,650,713. The disclosure for this sale can be found here. Insiders sold 52,624 shares of company stock worth $3,860,880 over the last quarter. Company insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of IPHI. Nuveen Asset Management LLC acquired a new stake in shares of Inphi in the second quarter valued at $39,679,000. Balyasny Asset Management LLC increased its position in Inphi by 11,058.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 622,837 shares of the semiconductor company’s stock valued at $31,204,000 after acquiring an additional 617,255 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Inphi by 229.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 766,974 shares of the semiconductor company’s stock valued at $38,425,000 after acquiring an additional 534,474 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Inphi in the 3rd quarter valued at about $27,927,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Inphi by 326.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 589,680 shares of the semiconductor company’s stock worth $29,543,000 after acquiring an additional 451,458 shares during the last quarter.
Shares of IPHI traded down $0.05 on Friday, reaching $68.12. 381,415 shares of the stock traded hands, compared to its average volume of 865,495. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -119.51 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.62 and a quick ratio of 6.83. Inphi has a 12 month low of $29.56 and a 12 month high of $77.67. The stock’s 50-day moving average price is $68.07 and its 200-day moving average price is $59.42.
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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