Analysts Anticipate Inphi Co. (IPHI) to Post $0.28 EPS

Brokerages expect that Inphi Co. (NYSE:IPHI) will post earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Inphi’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. Inphi posted earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year over year growth rate of 660%. The business is expected to announce its next earnings results after the market closes on Tuesday, April 23rd.

According to Zacks, 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 year, analysts forecast that the company will post earnings of $2.18 per share, with EPS estimates ranging from $1.96 to $2.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Inphi.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $86.53 million for the quarter, compared to analysts’ expectations of $86.64 million. Inphi had a negative return on equity of 5.43% and a negative net margin of 32.51%.

IPHI has been the topic of a number of analyst reports. Zacks Investment Research cut Inphi from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine raised Inphi from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd. Craig Hallum lifted their price target on Inphi from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Citigroup reaffirmed a “buy” rating and issued a $45.00 price target on shares of Inphi in a research note on Wednesday, January 30th. Finally, Needham & Company LLC lifted their price target on Inphi to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Two 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’s stock. The company has an average rating of “Buy” and an average target price of $41.79.

In related news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ron Torten sold 1,247 shares of Inphi stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.00, for a total value of $56,115.00. Following the sale, the vice president now owns 65,090 shares in the company, valued at $2,929,050. The disclosure for this sale can be found here. Insiders have sold 52,056 shares of company stock worth $2,101,546 over the last three months. Insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPHI. NumerixS Investment Technologies Inc bought a new stake in Inphi in the fourth quarter worth $58,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Inphi by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,023 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 666 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Inphi by 186.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,801 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,823 shares in the last quarter. Amalgamated Bank bought a new stake in Inphi in the fourth quarter worth $204,000. Finally, GSA Capital Partners LLP bought a new stake in Inphi in the fourth quarter worth $217,000.

Shares of Inphi stock opened at $47.56 on Friday. 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 one year low of $27.12 and a one year high of $48.21.

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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Earnings History and Estimates for Inphi (NYSE:IPHI)

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