Inphi Corporation (NYSE:IPHI) Releases Q3 Earnings Guidance

Inphi Corporation (NYSE:IPHI) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.33-$0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36. The company issued revenue guidance of $82.4-$86.4 million, compared to the consensus revenue estimate of $88.24 million.

Several research firms recently commented on IPHI. B. Riley restated a buy rating and set a $48.25 target price on shares of Inphi Corporation in a research report on Wednesday, May 3rd. Craig Hallum restated a buy rating and set a $44.00 target price (down previously from $49.00) on shares of Inphi Corporation in a research report on Tuesday, August 8th. Morgan Stanley cut their target price on Inphi Corporation from $48.00 to $44.00 and set an overweight rating for the company in a research report on Tuesday, August 8th. Deutsche Bank AG cut their target price on Inphi Corporation from $46.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Finally, Needham & Company LLC cut their target price on Inphi Corporation from $46.00 to $43.00 and set a strong-buy rating for the company in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $44.58.

Inphi Corporation (IPHI) traded down 0.54% during midday trading on Friday, hitting $35.11. The stock had a trading volume of 622,587 shares. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 20.99 and a beta of 1.15. The company has a 50-day moving average of $36.88 and a 200-day moving average of $41.50. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.

Inphi Corporation (NYSE:IPHI) last announced its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $84 million. During the same period in the prior year, the company earned $0.32 EPS. Inphi Corporation’s revenue was up 39.5% compared to the same quarter last year. Equities research analysts forecast that Inphi Corporation will post $1.50 EPS for the current year.

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Inphi Corporation 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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