Inphi (NYSE:IPHI) Updates Q3 2019 Earnings Guidance

Inphi (NYSE:IPHI) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.32-0.42 for the period, compared to the Thomson Reuters consensus earnings per share 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.

Several equities analysts have weighed in on the company. DA Davidson dropped their price target on Inphi to $52.00 and set a buy rating for the company in a research report on Tuesday, May 21st. Zacks Investment Research raised Inphi from a sell rating to a hold rating and set a $67.00 price target for the company in a research report on Friday. Craig Hallum raised their price target on Inphi from $62.00 to $70.00 and gave the stock a buy rating in a research report on Friday. Needham & Company LLC raised their price target on Inphi from $40.00 to $54.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $55.00 price target (up previously from $46.00) on shares of Inphi in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $57.00.

Shares of NYSE:IPHI traded up $3.35 during midday trading on Friday, reaching $63.59. The company’s stock had a trading volume of 2,613,339 shares, compared to its average volume of 964,424. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -111.56 and a beta of 1.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. Inphi has a 1 year low of $29.56 and a 1 year high of $64.50. The company’s 50 day moving average is $55.12.

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

In related news, Director Diosdado P. Banatao sold 1,500 shares of Inphi stock in a transaction 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 transaction, the director now owns 4,020 shares in the company, valued at $179,493. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles Roach sold 2,000 shares of Inphi stock in a transaction on Friday, July 26th. The shares were sold at an average price of $62.16, for a total value of $124,320.00. Following the completion of the transaction, the vice president now owns 111,996 shares in the company, valued at approximately $6,961,671.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,141 shares of company stock valued at $2,715,385. Company insiders own 3.30% of the company’s stock.

About Inphi

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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