Wall Street analysts forecast that Inphi Corporation (NYSE:IPHI) will post earnings of $0.08 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Inphi Corporation’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.11. Inphi Corporation posted earnings of $0.30 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 73.3%. The business is expected to issue its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Inphi Corporation will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.46 to $0.56. For the next financial year, analysts expect that the business will report earnings of $1.05 per share, with EPS estimates ranging from $0.91 to $1.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Inphi Corporation.

Inphi Corporation (NYSE:IPHI) last posted its quarterly earnings data 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 business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $84 million. Inphi Corporation had a net margin of 21.98% and a return on equity of 9.77%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share.

IPHI has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating on shares of Inphi Corporation in a research note on Friday, July 14th. Roth Capital lowered their target price on Inphi Corporation from $51.70 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Deutsche Bank AG lowered their target price on Inphi Corporation from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. Craig Hallum restated a “buy” rating and issued a $44.00 target price (down from $49.00) on shares of Inphi Corporation in a research note on Tuesday, August 8th. Finally, Needham & Company LLC lowered their target price on Inphi Corporation from $46.00 to $43.00 and set a “strong-buy” rating for the company in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.58.

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Shares of Inphi Corporation (NYSE IPHI) opened at 37.28 on Tuesday. The company has a 50-day moving average of $36.84 and a 200 day moving average of $41.73. Inphi Corporation has a 12-month low of $33.00 and a 12-month high of $51.78. The firm has a market cap of $1.58 billion, a P/E ratio of 22.28 and a beta of 1.15.

A number of institutional investors have recently bought and sold shares of IPHI. BlueCrest Capital Management Ltd boosted its position in Inphi Corporation by 113.6% in the first quarter. BlueCrest Capital Management Ltd now owns 23,500 shares of the semiconductor company’s stock valued at $1,147,000 after buying an additional 12,500 shares in the last quarter. Vanguard Group Inc. boosted its position in Inphi Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,970,119 shares of the semiconductor company’s stock valued at $145,001,000 after buying an additional 143,904 shares in the last quarter. Norges Bank purchased a new position in Inphi Corporation during the fourth quarter valued at about $13,764,000. SG Americas Securities LLC purchased a new position in Inphi Corporation during the first quarter valued at about $433,000. Finally, Princeton Capital Management Inc. purchased a new position in Inphi Corporation during the second quarter valued at about $498,000.

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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