Wall Street analysts expect Inphi Corporation (NYSE:IPHI) to post sales of $84.32 million for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Inphi Corporation’s earnings. The highest sales estimate is $84.51 million and the lowest is $84.00 million. Inphi Corporation reported sales of $70.75 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The company is scheduled to report its next earnings results after the market closes on Tuesday, October 31st.

On average, analysts expect that Inphi Corporation will report full-year sales of $84.32 million for the current year, with estimates ranging from $346.81 million to $351.30 million. For the next financial year, analysts anticipate that the firm will report sales of $411.28 million per share, with estimates ranging from $394.28 million to $426.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Inphi Corporation.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings results on Monday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84.00 million. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS.

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 report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target on shares of Inphi Corporation in a report on Thursday, July 6th. BidaskClub raised shares of Inphi Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Inphi Corporation in a report on Friday, July 14th. Finally, Deutsche Bank AG cut their price target on shares of Inphi Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.46.

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Shares of Inphi Corporation (IPHI) traded up 0.45% during mid-day trading on Tuesday, reaching $40.38. The company’s stock had a trading volume of 286,985 shares. The firm’s 50 day moving average is $38.65 and its 200 day moving average is $38.30. Inphi Corporation has a one year low of $33.00 and a one year high of $51.78. The firm has a market cap of $1.71 billion, a PE ratio of 24.14 and a beta of 1.19.

Several institutional investors have recently modified their holdings of IPHI. Quantbot Technologies LP acquired a new position in shares of Inphi Corporation in the second quarter worth about $118,000. Ameritas Investment Partners Inc. raised its position in shares of Inphi Corporation by 6.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,689 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 219 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Inphi Corporation by 422.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,872 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 3,940 shares during the period. FNY Partners Fund LP raised its position in shares of Inphi Corporation by 76.2% in the second quarter. FNY Partners Fund LP now owns 5,550 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 2,400 shares during the period. Finally, US Bancorp DE raised its position in shares of Inphi Corporation by 77.6% in the second quarter. US Bancorp DE now owns 6,213 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 2,715 shares during the period.

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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