Analysts Expect Inphi Co. (IPHI) to Announce $0.42 EPS

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Wall Street analysts expect that Inphi Co. (NYSE:IPHI) will report $0.42 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Inphi’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. Inphi reported earnings of $0.37 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Inphi will report full-year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.80 to $0.89. For the next fiscal year, analysts anticipate that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.50 to $1.74. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Inphi.

Inphi (NYSE:IPHI) last posted its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $77.93 million. During the same period last year, the firm earned $0.36 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis.

A number of research firms have recently issued reports on IPHI. B. Riley downgraded shares of Inphi from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $36.00 in a research report on Thursday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of Inphi from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Northland Securities set a $27.00 price target on shares of Inphi and gave the company a “sell” rating in a research report on Wednesday, July 25th. Needham & Company LLC lifted their price target on shares of Inphi from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Bank of America lifted their price target on shares of Inphi from $23.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.29.

IPHI stock opened at $35.67 on Friday. Inphi has a 12-month low of $23.65 and a 12-month high of $44.32. The company has a debt-to-equity ratio of 1.14, a current ratio of 7.42 and a quick ratio of 6.90. The company has a market cap of $1.52 billion, a PE ratio of 61.50 and a beta of 1.25.

In other news, VP Ron Torten sold 12,342 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $35.00, for a total transaction of $431,970.00. Following the completion of the transaction, the vice president now directly 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 the SEC website. Over the last three months, insiders have sold 12,694 shares of company stock valued at $444,709. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parametrica Management Ltd purchased a new position in shares of Inphi during the 3rd quarter worth approximately $357,000. American Century Companies Inc. purchased a new stake in Inphi in the 3rd quarter worth approximately $5,757,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Inphi in the 3rd quarter worth approximately $259,000. Advisory Services Network LLC purchased a new stake in Inphi in the 3rd quarter worth approximately $115,000. Finally, First Trust Advisors LP grew its stake in Inphi by 13.0% in the 3rd quarter. First Trust Advisors LP now owns 21,629 shares of the semiconductor company’s stock worth $821,000 after acquiring an additional 2,483 shares during the period.

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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Earnings History and Estimates for Inphi (NYSE:IPHI)

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