Inphi Corporation to Post FY2017 Earnings of $0.54 Per Share, Jefferies Group Forecasts (IPHI)

Inphi Corporation (NYSE:IPHI) – Jefferies Group upped their FY2017 earnings per share estimates for shares of Inphi in a research note issued to investors on Monday. Jefferies Group analyst M. Lipacis now expects that the semiconductor company will earn $0.54 per share for the year, up from their prior estimate of $0.51. Jefferies Group has a “Buy” rating and a $50.00 price target on the stock. Jefferies Group also issued estimates for Inphi’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $0.56 EPS.

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

IPHI has been the topic of several other reports. Zacks Investment Research upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Cowen restated a “buy” rating and issued a $45.00 price target on shares of Inphi in a research note on Wednesday, November 1st. B. Riley upped their price target on shares of Inphi from $42.50 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley upped their price target on shares of Inphi from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, BidaskClub upgraded shares of Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.29.

Inphi (NYSE IPHI) opened at $31.15 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.20 and a quick ratio of 6.72. Inphi has a one year low of $30.80 and a one year high of $51.78. The company has a market cap of $1,320.00, a PE ratio of -23.07, a P/E/G ratio of 1.59 and a beta of 1.03.

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Inphi by 48.2% in the second quarter. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock worth $1,292,000 after acquiring an additional 12,246 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in shares of Inphi by 2.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 809,140 shares of the semiconductor company’s stock worth $32,115,000 after acquiring an additional 16,255 shares during the last quarter. Quentec Asset Management LLC bought a new position in shares of Inphi in the second quarter worth about $6,255,000. New York State Common Retirement Fund lifted its holdings 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 worth $3,164,000 after acquiring an additional 9,105 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in shares of Inphi in the third quarter worth about $651,000.

In other news, Director Diosdado P. Banatao sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $40.55, for a total value of $202,750.00. Following the completion of the transaction, the director now owns 6,542 shares of the company’s stock, valued at $265,278.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Roach sold 28,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $40.27, for a total transaction of $1,127,560.00. Following the completion of the transaction, the vice president now directly 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. Insiders have sold 100,298 shares of company stock worth $4,038,867 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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About Inphi

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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