Brokerages expect Inphi Co. (NYSE:IPHI) to post $90.01 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Inphi’s earnings, with estimates ranging from $89.97 million to $90.07 million. Inphi reported sales of $78.01 million in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Inphi will report full year sales of $351.36 million for the current financial year, with estimates ranging from $330.20 million to $356.11 million. For the next financial year, analysts anticipate that the business will report sales of $421.51 million, with estimates ranging from $395.00 million to $449.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Inphi.

Inphi (NYSE:IPHI) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.43. The company had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.41 million. Inphi had a negative net margin of 26.31% and a negative return on equity of 0.78%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share.

Several analysts have commented on IPHI shares. Craig Hallum boosted their target price on shares of Inphi from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. DA Davidson decreased their price objective on shares of Inphi to $52.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Needham & Company LLC upped their price objective on shares of Inphi from $40.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America set a $68.00 price objective on shares of Inphi and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Northland Securities set a $30.00 price objective on shares of Inphi and gave the stock a “sell” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.00.

IPHI stock traded up $0.19 during trading hours on Thursday, hitting $63.30. The company’s stock had a trading volume of 406,800 shares, compared to its average volume of 856,427. The company has a quick ratio of 7.06, a current ratio of 7.69 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $2.86 billion, a PE ratio of -111.05 and a beta of 1.56. Inphi has a 12 month low of $29.56 and a 12 month high of $66.56. The stock has a 50 day moving average price of $59.17 and a two-hundred day moving average price of $48.43.

In other Inphi news, CEO Ford Tamer sold 37,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $63.44, for a total value of $2,347,280.00. Following the completion of the sale, the chief executive officer now directly owns 402,560 shares of the company’s stock, valued at approximately $25,538,406.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Charles Roach sold 2,000 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $60.61, for a total transaction of $121,220.00. Following the completion of the sale, the vice president now directly owns 113,996 shares of the company’s stock, valued at $6,909,297.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,141 shares of company stock valued at $3,525,755. 3.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Zions Bancorporation N.A. grew its holdings in shares of Inphi by 6.3% during the second quarter. Zions Bancorporation N.A. now owns 4,297 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 256 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Inphi by 1.1% during the 1st quarter. Rhumbline Advisers now owns 59,247 shares of the semiconductor company’s stock valued at $2,591,000 after acquiring an additional 667 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Inphi by 4.1% during the 4th quarter. Legal & General Group Plc now owns 17,742 shares of the semiconductor company’s stock valued at $571,000 after acquiring an additional 693 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Inphi during the 1st quarter valued at about $30,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Inphi by 4.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,707 shares of the semiconductor company’s stock valued at $987,000 after acquiring an additional 780 shares during the last quarter.

About Inphi

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The company's semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.

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Earnings History and Estimates for Inphi (NYSE:IPHI)

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