Inphi Co. (IPHI) Expected to Announce Quarterly Sales of $59.80 Million

Brokerages predict that Inphi Co. (NYSE:IPHI) will report sales of $59.80 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Inphi’s earnings. The highest sales estimate is $60.00 million and the lowest is $58.79 million. Inphi posted sales of $93.58 million in the same quarter last year, which suggests a negative year-over-year growth rate of 36.1%. The company is scheduled to report its next earnings results on Tuesday, May 1st.

On average, analysts expect that Inphi will report full-year sales of $59.80 million for the current fiscal year, with estimates ranging from $295.38 million to $409.20 million. For the next financial year, analysts anticipate that the business will report sales of $410.50 million per share, with estimates ranging from $380.00 million to $483.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Inphi.

IPHI has been the subject of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of Inphi in a report on Friday, January 19th. DA Davidson reaffirmed a “hold” rating and set a $34.00 price objective on shares of Inphi in a report on Thursday, January 25th. B. Riley cut Inphi to a “buy” rating in a report on Thursday, December 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Inphi in a report on Wednesday, November 1st. Finally, Northland Securities set a $29.00 price target on Inphi and gave the stock a “hold” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.93.

Shares of Inphi (IPHI) traded down $1.13 during mid-day trading on Wednesday, reaching $24.44. The company had a trading volume of 1,577,937 shares, compared to its average volume of 1,249,739. The firm has a market capitalization of $1,039.52, a PE ratio of -13.73 and a beta of 0.97. Inphi has a 52-week low of $23.65 and a 52-week high of $51.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.72 and a current ratio of 7.20.

In other Inphi news, CFO John Edmunds sold 108,554 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $25.25, for a total transaction of $2,740,988.50. Following the completion of the transaction, the chief financial officer now owns 163,597 shares of the company’s stock, valued at $4,130,824.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 108,852 shares of company stock valued at $2,752,286 in the last three months. 3.60% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in IPHI. New York State Common Retirement Fund grew its position in shares of Inphi by 11.0% in the second quarter. New York State Common Retirement Fund now owns 92,249 shares of the semiconductor company’s stock valued at $3,164,000 after purchasing an additional 9,105 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Inphi by 30.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,970 shares of the semiconductor company’s stock valued at $582,000 after purchasing an additional 3,965 shares during the period. Northern Trust Corp grew its position in shares of Inphi by 7.1% in the second quarter. Northern Trust Corp now owns 514,544 shares of the semiconductor company’s stock valued at $17,649,000 after purchasing an additional 33,944 shares during the period. Vanguard Group Inc. grew its position in shares of Inphi by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after purchasing an additional 97,957 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Inphi by 705.0% in the second quarter. Dimensional Fund Advisors LP now owns 222,115 shares of the semiconductor company’s stock valued at $7,619,000 after purchasing an additional 194,523 shares during the period.

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Inphi Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.

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Earnings History and Estimates for Inphi (NYSE:IPHI)

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