Inphi Corporation (IPHI) Expected to Announce Earnings of $0.36 Per Share

Wall Street analysts expect that Inphi Corporation (NYSE:IPHI) will report $0.36 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Inphi’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Inphi reported earnings per share of $0.47 in the same quarter last year, which suggests a negative year-over-year growth rate of 23.4%. The company is scheduled to announce its next earnings results on Tuesday, February 6th.

On average, analysts expect that Inphi will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.52. For the next year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.79 to $2.10. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Inphi.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.27. The business had revenue of $84.50 million during the quarter, compared to analyst estimates of $84.30 million. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. Inphi’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS.

Several analysts have recently issued reports on IPHI shares. BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. DA Davidson started coverage on shares of Inphi in a research note on Monday, October 16th. They issued a “neutral” rating and a $40.00 target price for the company. Northland Securities reiterated a “hold” rating and issued a $33.00 target price on shares of Inphi in a research note on Friday, September 15th. Zacks Investment Research lowered shares of Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Inphi in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Inphi presently has an average rating of “Buy” and a consensus target price of $45.00.

Shares of Inphi (NYSE IPHI) traded up $0.38 during mid-day trading on Tuesday, reaching $38.98. 311,100 shares of the company’s stock were exchanged, compared to its average volume of 497,520. The company has a market cap of $1,640.00, a price-to-earnings ratio of -28.87, a PEG ratio of 1.95 and a beta of 1.03. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi has a fifty-two week low of $33.00 and a fifty-two week high of $51.78.

In related news, Director Diosdado P. Banatao sold 8,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the completion of the transaction, the director now owns 6,542 shares in the company, valued at $266,717.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Charles Roach sold 28,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the transaction, the vice president now owns 93,947 shares of the company’s stock, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,298 shares of company stock valued at $4,038,867. Company insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of IPHI. Quantbot Technologies LP purchased a new stake in Inphi during the second quarter valued at about $118,000. Ameritas Investment Partners Inc. lifted its holdings in Inphi by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 219 shares during the last quarter. Zions Bancorporation purchased a new stake in Inphi during the third quarter valued at about $153,000. BNP Paribas Arbitrage SA lifted its holdings in Inphi by 422.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock valued at $167,000 after purchasing an additional 3,940 shares during the last quarter. Finally, FNY Partners Fund LP lifted its holdings in Inphi by 76.2% during the second quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 2,400 shares during the last quarter.

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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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