Inphi Co. (IPHI) Expected to Post Earnings of -$0.05 Per Share

Analysts expect Inphi Co. (NYSE:IPHI) to report ($0.05) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Inphi’s earnings, with estimates ranging from ($0.07) to ($0.04). Inphi posted earnings per share of $0.44 in the same quarter last year, which indicates a negative year-over-year growth rate of 111.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Inphi will report full year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.95. For the next fiscal year, analysts forecast that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.04 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Inphi.

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Inphi (NYSE:IPHI) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Inphi had a positive return on equity of 5.39% and a negative net margin of 21.51%. The firm had revenue of $85.68 million for the quarter, compared to analysts’ expectations of $86.30 million.

Several brokerages have recently commented on IPHI. DA Davidson reissued a “hold” rating and set a $34.00 price objective on shares of Inphi in a report on Thursday, January 25th. ValuEngine lowered Inphi from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Stifel Nicolaus cut their price objective on Inphi from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Northland Securities reissued a “hold” rating and set a $21.00 price objective on shares of Inphi in a report on Thursday, February 8th. Finally, B. Riley cut their price objective on Inphi from $48.00 to $43.50 and set a “buy” rating for the company in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.93.

Shares of Inphi (NYSE:IPHI) opened at $33.27 on Friday. Inphi has a 52-week low of $23.65 and a 52-week high of $49.09. The company has a current ratio of 8.61, a quick ratio of 8.08 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,435.33, a PE ratio of -18.69 and a beta of 1.02.

In other news, Director Sam Srinivasan bought 5,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $24.93 per share, with a total value of $124,650.00. Following the completion of the purchase, the director now directly owns 18,865 shares in the company, valued at $470,304.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Edmunds sold 108,554 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $25.25, for a total value of $2,740,988.50. Following the completion of the sale, the chief financial officer now directly owns 163,597 shares of the company’s stock, valued at approximately $4,130,824.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,852 shares of company stock valued at $2,752,286. 3.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Inphi by 705.0% during 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. Nationwide Fund Advisors boosted its stake in shares of Inphi by 223.5% during the third quarter. Nationwide Fund Advisors now owns 77,496 shares of the semiconductor company’s stock valued at $3,076,000 after purchasing an additional 53,544 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Inphi by 26.7% during the third quarter. State of Wisconsin Investment Board now owns 76,000 shares of the semiconductor company’s stock valued at $3,016,000 after purchasing an additional 16,000 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Inphi by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after purchasing an additional 153,355 shares during the period. Finally, Icon Advisers Inc. Co. purchased a new stake in shares of Inphi during the third quarter valued at approximately $202,000.

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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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