Zacks: Brokerages Expect Inphi Co. (IPHI) to Post $0.42 EPS

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

According to Zacks, analysts expect that Inphi will report full-year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.80 to $0.85. For the next fiscal year, analysts forecast that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.50 to $1.74. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Inphi.

Inphi (NYSE:IPHI) last released 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 return on equity of 5.28% and a negative net margin of 25.21%. The business had revenue of $78.00 million during the quarter, compared to analysts’ expectations of $77.93 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year.

A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Inphi in a report on Tuesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Inphi from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Barclays lowered their price objective on Inphi from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research lowered Inphi from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.29.

Shares of Inphi stock traded down $1.87 during trading on Tuesday, reaching $39.48. The company’s stock had a trading volume of 632,400 shares, compared to its average volume of 737,801. The company has a quick ratio of 8.62, a current ratio of 9.27 and a debt-to-equity ratio of 1.17. Inphi has a one year low of $23.65 and a one year high of $42.34. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 68.07 and a beta of 1.38.

In other news, Director Sam Srinivasan sold 3,214 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $39.10, for a total transaction of $125,667.40. Following the completion of the transaction, the director now directly owns 20,795 shares in the company, valued at approximately $813,084.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Diosdado P. Banatao sold 29,656 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $39.60, for a total value of $1,174,377.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,262 shares of company stock valued at $1,314,207. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of IPHI. Guggenheim Capital LLC grew its position in shares of Inphi by 65.8% during the 1st quarter. Guggenheim Capital LLC now owns 21,389 shares of the semiconductor company’s stock worth $644,000 after buying an additional 8,491 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Inphi during the 2nd quarter worth about $203,000. Amalgamated Bank acquired a new position in shares of Inphi during the 2nd quarter worth about $216,000. Massachusetts Financial Services Co. MA grew its position in shares of Inphi by 11.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 834,292 shares of the semiconductor company’s stock worth $27,206,000 after buying an additional 82,961 shares during the period. Finally, Aperio Group LLC acquired a new position in shares of Inphi during the 2nd quarter worth about $233,000.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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