Equities analysts predict that Inphi Co. (NYSE:IPHI) will report earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Inphi’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.27. Inphi reported earnings of ($0.05) per share during the same quarter last year, which would suggest a positive year over year growth rate of 660%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, April 30th.
On average, analysts expect that Inphi will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.70. For the next fiscal year, analysts anticipate that the business will post earnings of $2.18 per share, with EPS estimates ranging from $1.96 to $2.40. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Inphi.
Inphi (NYSE:IPHI) last released its earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Inphi had a negative net margin of 32.51% and a negative return on equity of 5.43%. The firm had revenue of $86.53 million for the quarter, compared to analyst estimates of $86.64 million.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Inphi from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup lifted their price target on shares of Inphi to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Deutsche Bank lifted their price target on shares of Inphi from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Craig Hallum lifted their price target on shares of Inphi from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Finally, DA Davidson raised shares of Inphi from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $45.00 in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Inphi presently has an average rating of “Buy” and an average target price of $41.79.
IPHI stock traded down $0.22 during mid-day trading on Friday, hitting $46.70. The stock had a trading volume of 405,010 shares, compared to its average volume of 501,383. The company has a quick ratio of 7.42, a current ratio of 7.93 and a debt-to-equity ratio of 1.22. Inphi has a 52 week low of $27.12 and a 52 week high of $48.21. The firm has a market cap of $2.08 billion, a P/E ratio of -81.93, a P/E/G ratio of 6.12 and a beta of 1.56.
In related news, CFO John Edmunds sold 10,000 shares of Inphi stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. Following the sale, the chief financial officer now directly owns 252,806 shares in the company, valued at approximately $10,112,240. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ford Tamer sold 37,000 shares of Inphi stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $40.00, for a total transaction of $1,480,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,595 shares of company stock worth $2,415,055 over the last ninety days. 3.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new position in shares of Inphi in the 4th quarter worth approximately $58,000. PNC Financial Services Group Inc. lifted its position in shares of Inphi by 186.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,823 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Inphi by 28.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 666 shares during the period. Amalgamated Bank acquired a new position in shares of Inphi in the 4th quarter worth approximately $204,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Inphi in the 4th quarter worth approximately $217,000.
Inphi Company Profile
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
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