Analysts predict that Inphi Co. (NYSE:IPHI) will report $90.01 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Inphi’s earnings, with the lowest sales estimate coming in at $89.97 million and the highest estimate coming in at $90.07 million. Inphi reported sales of $78.01 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is scheduled to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Inphi will report full year sales of $351.36 million for the current fiscal year, with estimates ranging from $330.20 million to $356.11 million. For the next financial year, analysts forecast that the firm will post sales of $421.51 million, with estimates ranging from $395.00 million to $449.76 million. Zacks’ sales calculations 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 Thursday, August 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.43. Inphi had a negative return on equity of 0.78% and a negative net margin of 26.31%. The firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 23.6% on a year-over-year basis.

IPHI has been the subject of a number of recent research reports. Barclays upped their price target on Inphi from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $55.00 price objective (up previously from $46.00) on shares of Inphi in a research note on Wednesday, May 1st. DA Davidson dropped their price objective on Inphi to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. B. Riley upped their price objective on Inphi from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut Inphi from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $57.00.

In related news, Director William J. Ruehle sold 2,500 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $43.34, for a total value of $108,350.00. Following the sale, the director now owns 6,311 shares in the company, valued at approximately $273,518.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Diosdado P. Banatao sold 1,500 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $44.65, for a total value of $66,975.00. Following the completion of the sale, the director now owns 4,020 shares in the company, valued at approximately $179,493. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,141 shares of company stock worth $1,178,475. Company insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new stake in Inphi in the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. bought a new stake in Inphi in the 2nd quarter valued at $40,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Inphi in the 1st quarter valued at $65,000. Strs Ohio bought a new stake in Inphi in the 2nd quarter valued at $70,000. Finally, Marshall Wace LLP bought a new stake in Inphi in the 1st quarter valued at $70,000.

NYSE:IPHI traded up $0.85 during trading hours on Thursday, reaching $63.75. 617,400 shares of the stock were exchanged, compared to its average volume of 861,755. Inphi has a twelve month low of $29.56 and a twelve month high of $66.56. The company has a current ratio of 7.69, a quick ratio of 7.06 and a debt-to-equity ratio of 1.34. The company’s 50 day simple moving average is $58.60. The stock has a market capitalization of $2.93 billion, a PE ratio of -111.84 and a beta of 1.56.

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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