Zacks: Analysts Anticipate Inphi Co. (NYSE:IPHI) Will Announce Earnings of $0.32 Per Share

Equities analysts expect Inphi Co. (NYSE:IPHI) to post $0.32 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Inphi’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.25. Inphi reported earnings of $0.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 113.3%. The business is expected to report its next quarterly earnings report 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 year, with EPS estimates ranging from $1.32 to $1.63. For the next fiscal year, analysts forecast that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.91 to $2.22. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Inphi.

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

IPHI has been the subject of several recent analyst reports. Bank of America set a $68.00 price target on Inphi and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target (down previously from $15.00) on shares of Nabriva Therapeutics in a research note on Wednesday, May 1st. DA Davidson decreased their price target on Inphi to $52.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Craig Hallum decreased their price target on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.88.

In related news, 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 transaction, the director now owns 4,020 shares of the company’s stock, valued at $179,493. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John Edmunds sold 10,141 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $50.00, for a total value of $507,050.00. Following the completion of the transaction, the chief financial officer now directly owns 255,283 shares in the company, valued at approximately $12,764,150. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,520 shares of company stock worth $3,286,527. Company insiders own 3.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC grew its stake in shares of Inphi by 4.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 50,588 shares of the semiconductor company’s stock worth $2,534,000 after acquiring an additional 2,348 shares in the last quarter. Scout Investments Inc. grew its stake in shares of Inphi by 65.8% during the second quarter. Scout Investments Inc. now owns 116,105 shares of the semiconductor company’s stock worth $5,817,000 after purchasing an additional 46,080 shares in the last quarter. Zions Bancorporation N.A. grew its stake in shares of Inphi by 6.3% during the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 256 shares in the last quarter. Cortina Asset Management LLC grew its stake in shares of Inphi by 2.0% during the second quarter. Cortina Asset Management LLC now owns 162,957 shares of the semiconductor company’s stock worth $8,164,000 after purchasing an additional 3,193 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Inphi by 26.4% during the first quarter. First Trust Advisors LP now owns 46,998 shares of the semiconductor company’s stock worth $2,056,000 after purchasing an additional 9,812 shares in the last quarter.

Shares of IPHI stock traded down $0.18 during mid-day trading on Friday, hitting $60.48. The company’s stock had a trading volume of 21,369 shares, compared to its average volume of 834,817. Inphi has a 52-week low of $29.56 and a 52-week high of $61.09. The company has a 50-day moving average of $50.17. 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 firm has a market capitalization of $2.70 billion, a PE ratio of -106.25 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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