Inphi (NYSE:IPHI) Releases Q3 2019 Earnings Guidance

Inphi (NYSE:IPHI) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.32-0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $88-92 million, compared to the consensus revenue estimate of $87.22 million.Inphi also updated its Q3 guidance to $0.32-0.42 EPS.

IPHI stock traded up $3.35 during trading on Friday, hitting $63.59. The company had a trading volume of 2,613,339 shares, compared to its average volume of 964,424. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. The company has a 50-day simple moving average of $55.12. Inphi has a 12 month low of $29.56 and a 12 month high of $64.50. The company has a market cap of $2.72 billion, a PE ratio of -111.56 and a beta of 1.55.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.43. Inphi had a negative net margin of 30.17% and a negative return on equity of 3.13%. The firm had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $84.41 million. During the same quarter in the previous year, the company posted $0.15 EPS. Inphi’s revenue was up 23.6% on a year-over-year basis. Equities research analysts predict that Inphi will post -0.11 earnings per share for the current fiscal year.

Several research analysts recently weighed in on IPHI shares. Morgan Stanley boosted their price objective on shares of Inphi from $45.00 to $60.00 and gave the stock an equal weight rating in a research report on Friday. Bank of America set a $68.00 price objective on shares of Inphi and gave the stock a buy rating in a research report on Monday, July 15th. Needham & Company LLC boosted their price objective on shares of Inphi from $40.00 to $54.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Craig Hallum boosted their price objective on shares of Inphi from $62.00 to $70.00 and gave the stock a buy rating in a research report on Friday. Finally, Barclays boosted their price objective on shares of Inphi from $50.00 to $65.00 and gave the stock an overweight rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Inphi presently has a consensus rating of Buy and a consensus target price of $57.00.

In other Inphi news, Director William J. Ruehle sold 2,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $43.34, for a total transaction of $108,350.00. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $273,518.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ford Tamer sold 37,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the sale, the chief executive officer now owns 444,397 shares of the company’s stock, valued at approximately $21,468,819.07. The disclosure for this sale can be found here. Insiders have sold a total of 55,141 shares of company stock valued at $2,715,385 in the last quarter. Corporate insiders own 3.30% of the company’s stock.

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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