Zacks: Analysts Expect Inphi Co. (NYSE:IPHI) to Announce $0.32 EPS

Analysts expect Inphi Co. (NYSE:IPHI) to report earnings per share of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Inphi’s earnings, with estimates ranging from $0.25 to $0.35. Inphi reported earnings per share of $0.15 during the same quarter last year, which would suggest a positive year over year growth rate of 113.3%. The company is expected to report its next earnings results after the market closes on Tuesday, July 30th.

On average, analysts expect that Inphi will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.63. For the next year, analysts expect that the company will post earnings of $2.07 per share, with EPS estimates ranging from $1.91 to $2.22. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Inphi.

Inphi (NYSE:IPHI) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported ($0.08) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The business had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $80.97 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue was up 36.8% compared to the same quarter last year.

Several research analysts recently commented on IPHI shares. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 16th. Northland Securities set a $68.00 price target on Lumentum and gave the stock a “buy” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. cut their price target on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Craig Hallum cut their price target on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th. Finally, Barclays set a €81.00 ($94.19) price target on Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Inphi has an average rating of “Buy” and an average price target of $50.88.

In other news, General Counsel Richard Ogawa sold 8,150 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $46.95, for a total transaction of $382,642.50. Following the sale, the general counsel now directly owns 40,653 shares in the company, valued at approximately $1,908,658.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diosdado P. Banatao sold 1,500 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $44.65, for a total value of $66,975.00. Following the sale, the director now owns 4,020 shares in the company, valued at $179,493. The disclosure for this sale can be found here. Insiders have sold 68,520 shares of company stock worth $3,286,527 in the last 90 days. 3.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Inphi during the 1st quarter worth approximately $48,565,000. Janus Henderson Group PLC grew its holdings in Inphi by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 564,036 shares of the semiconductor company’s stock worth $24,671,000 after buying an additional 3,497 shares in the last quarter. Jennison Associates LLC grew its holdings in Inphi by 265.8% in the 1st quarter. Jennison Associates LLC now owns 515,422 shares of the semiconductor company’s stock worth $22,545,000 after buying an additional 374,522 shares in the last quarter. Geode Capital Management LLC grew its holdings in Inphi by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 455,751 shares of the semiconductor company’s stock worth $14,652,000 after buying an additional 25,224 shares in the last quarter. Finally, FIL Ltd grew its holdings in Inphi by 8.9% in the 1st quarter. FIL Ltd now owns 316,082 shares of the semiconductor company’s stock worth $13,825,000 after buying an additional 25,819 shares in the last quarter.

Shares of NYSE:IPHI traded down $0.84 during trading on Friday, hitting $59.82. The company’s stock had a trading volume of 787,249 shares, compared to its average volume of 863,541. The company has a quick ratio of 7.64, a current ratio of 8.13 and a debt-to-equity ratio of 1.25. Inphi has a fifty-two week low of $29.56 and a fifty-two week high of $61.09. The firm’s 50-day simple moving average is $50.49. The stock has a market capitalization of $2.71 billion, a P/E ratio of -104.95 and a beta of 1.53.

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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Earnings History and Estimates for Inphi (NYSE:IPHI)

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