Inphi Co. (IPHI) Expected to Post Quarterly Sales of $59.80 Million

Equities analysts expect Inphi Co. (NYSE:IPHI) to post $59.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Inphi’s earnings, with the highest sales estimate coming in at $60.00 million and the lowest estimate coming in at $58.79 million. Inphi posted sales of $93.58 million in the same quarter last year, which suggests a negative year-over-year growth rate of 36.1%. The business is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Inphi will report full-year sales of $59.80 million for the current year, with estimates ranging from $295.38 million to $409.20 million. For the next fiscal year, analysts forecast that the company will report sales of $410.50 million per share, with estimates ranging from $380.00 million to $483.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Inphi.

A number of analysts have recently commented on IPHI shares. Morgan Stanley restated an “equal weight” rating and issued a $45.00 target price on shares of Inphi in a research note on Friday, January 19th. Jefferies Group set a $50.00 target price on Inphi and gave the stock a “buy” rating in a research note on Wednesday, October 18th. DA Davidson restated a “hold” rating and issued a $34.00 target price on shares of Inphi in a research note on Thursday, January 25th. B. Riley downgraded Inphi to a “buy” rating in a research note on Thursday, December 7th. Finally, BidaskClub cut Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Inphi presently has an average rating of “Hold” and an average price target of $39.93.

In related news, Director Diosdado P. Banatao sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $40.34, for a total value of $685,780.00. Following the completion of the transaction, the director now owns 6,542 shares of the company’s stock, valued at approximately $263,904.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles Roach sold 28,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total value of $1,127,560.00. Following the transaction, the vice president now directly owns 93,947 shares of the company’s stock, valued at approximately $3,783,245.69. The disclosure for this sale can be found here. Insiders sold a total of 45,298 shares of company stock valued at $1,824,637 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. raised its holdings in shares of Inphi by 350.9% during the fourth quarter. Alliancebernstein L.P. now owns 222,300 shares of the semiconductor company’s stock valued at $8,136,000 after acquiring an additional 173,000 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of Inphi by 198.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 38,173 shares of the semiconductor company’s stock valued at $1,397,000 after acquiring an additional 25,362 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Inphi by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 340,485 shares of the semiconductor company’s stock valued at $12,461,000 after acquiring an additional 22,544 shares during the last quarter. Princeton Capital Management LLC acquired a new position in shares of Inphi during the fourth quarter valued at approximately $379,000. Finally, Cortina Asset Management LLC raised its holdings in shares of Inphi by 16.6% during the fourth quarter. Cortina Asset Management LLC now owns 208,467 shares of the semiconductor company’s stock valued at $7,630,000 after acquiring an additional 29,676 shares during the last quarter.

Shares of Inphi (NYSE IPHI) opened at $24.98 on Wednesday. Inphi has a one year low of $23.65 and a one year high of $51.78. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,060.00, a PE ratio of -14.03, a PEG ratio of 2.76 and a beta of 0.97.

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Inphi 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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Earnings History and Estimates for Inphi (NYSE:IPHI)

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