Inphi Corporation (IPHI) Issues Quarterly Earnings Results
Inphi Corporation (NYSE:IPHI) released its earnings results on Tuesday. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.27, Bloomberg Earnings reports. Inphi Corporation had a return on equity of 9.77% and a net margin of 21.98%. The company had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $84.30 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Inphi Corporation updated its Q4 guidance to $0.33-0.39 EPS.
Inphi Corporation (NYSE IPHI) traded up 2.17% during midday trading on Wednesday, reaching $41.87. The company had a trading volume of 557,441 shares. The company’s 50 day moving average is $38.73 and its 200-day moving average is $38.32. The company has a market capitalization of $1.77 billion, a P/E ratio of 25.03 and a beta of 1.19. Inphi Corporation has a 52-week low of $33.00 and a 52-week high of $51.78.
IPHI has been the topic of several recent analyst reports. Zacks Investment Research upgraded Inphi Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub lowered Inphi Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and set a $45.00 price target on shares of Inphi Corporation in a research note on Sunday, October 1st. Deutsche Bank AG decreased their price target on Inphi Corporation from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, Morgan Stanley decreased their price target on Inphi Corporation from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $43.81.
Inphi Corporation Company Profile
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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