Inphi Corporation (NYSE:IPHI) Issues Q3 Earnings Guidance
Inphi Corporation (NYSE:IPHI) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.33-$0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.36. The company issued revenue guidance of $82.4-$86.4 million, compared to the consensus revenue estimate of $88.24 million.
Inphi Corporation (NYSE:IPHI) traded up 2.13% during mid-day trading on Monday, reaching $35.43. The company’s stock had a trading volume of 1,863,565 shares. The stock’s 50 day moving average price is $37.19 and its 200 day moving average price is $42.38. The stock has a market capitalization of $1.49 billion, a P/E ratio of 17.63 and a beta of 1.15. Inphi Corporation has a 1-year low of $33.00 and a 1-year high of $51.78.
A number of equities analysts have weighed in on the stock. B. Riley reissued a buy rating and issued a $48.25 price objective on shares of Inphi Corporation in a research report on Wednesday, May 3rd. Northland Securities reissued a hold rating and issued a $30.00 price objective on shares of Inphi Corporation in a research report on Thursday. Needham & Company LLC decreased their price objective on shares of Inphi Corporation from $46.00 to $43.00 and set a strong-buy rating for the company in a research report on Monday. Zacks Investment Research cut shares of Inphi Corporation from a hold rating to a sell rating in a research report on Friday. Finally, TheStreet cut shares of Inphi Corporation from a b rating to a c rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $45.90.
About Inphi Corporation
Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.
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