Equities research analysts predict that Inphi Corporation (NYSE:IPHI) will report $84.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Inphi Corporation’s earnings, with the highest sales estimate coming in at $84.44 million and the lowest estimate coming in at $84.00 million. Inphi Corporation posted sales of $70.75 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The company is scheduled to announce its next earnings results on Tuesday, November 7th.

On average, analysts expect that Inphi Corporation will report full-year sales of $84.34 million for the current fiscal year, with estimates ranging from $346.81 million to $369.23 million. For the next fiscal year, analysts anticipate that the business will post sales of $418.73 million per share, with estimates ranging from $394.28 million to $469.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Inphi Corporation.

Inphi Corporation (NYSE:IPHI) last released its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share.

Several equities analysts have issued reports on IPHI shares. Zacks Investment Research raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Rosenblatt Securities reissued a “buy” rating and issued a $41.00 price objective on shares of Inphi Corporation in a research note on Wednesday, June 28th. Deutsche Bank AG dropped their price objective on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price objective on shares of Inphi Corporation in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Inphi Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.58.

Several institutional investors have recently bought and sold shares of IPHI. FMR LLC boosted its position in Inphi Corporation by 1,047.9% in the second quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock worth $202,176,000 after buying an additional 5,380,825 shares during the period. Capital Research Global Investors boosted its position in Inphi Corporation by 3.7% in the second quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock worth $173,702,000 after buying an additional 180,367 shares during the period. Vanguard Group Inc. boosted its position in Inphi Corporation by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock worth $105,235,000 after buying an additional 97,957 shares during the period. Ameriprise Financial Inc. boosted its position in Inphi Corporation by 1,081.8% in the second quarter. Ameriprise Financial Inc. now owns 2,758,743 shares of the semiconductor company’s stock worth $94,624,000 after buying an additional 2,525,313 shares during the period. Finally, BlackRock Inc. boosted its position in Inphi Corporation by 75,144.6% in the first quarter. BlackRock Inc. now owns 2,497,368 shares of the semiconductor company’s stock worth $121,921,000 after buying an additional 2,494,049 shares during the period.

Shares of Inphi Corporation (IPHI) opened at 36.84 on Thursday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 22.02 and a beta of 1.15. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78. The company’s 50-day moving average is $36.88 and its 200 day moving average is $41.62.

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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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