Inphi Co. (IPHI) Expected to Post Quarterly Sales of $77.71 Million

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Wall Street analysts predict that Inphi Co. (NYSE:IPHI) will report $77.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Inphi’s earnings, with the highest sales estimate coming in at $80.00 million and the lowest estimate coming in at $76.50 million. Inphi posted sales of $84.51 million during the same quarter last year, which suggests a negative year over year growth rate of 8%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Inphi will report full year sales of $293.57 million for the current financial year, with estimates ranging from $290.40 million to $298.00 million. For the next year, analysts expect that the company will post sales of $362.93 million, with estimates ranging from $350.00 million to $370.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Inphi.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.38. The business had revenue of $69.81 million during the quarter, compared to analysts’ expectations of $69.28 million. Inphi had a negative return on equity of 3.51% and a negative net margin of 33.36%. The business’s revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share.

A number of analysts have recently issued reports on the company. ValuEngine raised Inphi from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. B. Riley lowered Inphi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $36.00 in a research note on Thursday, July 19th. Loop Capital assumed coverage on Inphi in a research note on Wednesday, July 25th. They issued a “buy” rating and a $43.00 price target on the stock. Needham & Company LLC lifted their price target on Inphi from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, DA Davidson lifted their price target on Inphi to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Inphi has a consensus rating of “Hold” and an average target price of $37.38.

Shares of NYSE:IPHI traded up $0.18 during trading on Friday, reaching $33.03. The stock had a trading volume of 362,800 shares, compared to its average volume of 757,363. The company has a debt-to-equity ratio of 1.14, a current ratio of 7.42 and a quick ratio of 6.90. The firm has a market capitalization of $1.49 billion, a PE ratio of 57.66 and a beta of 1.14. Inphi has a 1-year low of $23.65 and a 1-year high of $44.32.

In other Inphi news, VP Ron Torten sold 12,342 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $35.00, for a total transaction of $431,970.00. Following the transaction, the vice president now owns 64,386 shares of the company’s stock, valued at $2,253,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 12,694 shares of company stock worth $444,709 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in Inphi by 118.7% during the second quarter. Sei Investments Co. now owns 3,559 shares of the semiconductor company’s stock worth $116,000 after buying an additional 1,932 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in Inphi during the second quarter worth $203,000. Amalgamated Bank acquired a new position in Inphi during the second quarter worth $216,000. Aperio Group LLC acquired a new position in Inphi during the second quarter worth $233,000. Finally, Fox Run Management L.L.C. acquired a new position in Inphi during the second quarter worth $255,000.

About Inphi

Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. It offers analog and mixed signal semiconductor solutions; and semiconductor solutions. Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption.

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