Wall Street analysts expect that Inphi Co. (NYSE:IPHI) will announce $88.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Inphi’s earnings. The highest sales estimate is $88.99 million and the lowest is $86.00 million. Inphi reported sales of $69.81 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, July 23rd.

On average, analysts expect that Inphi will report full-year sales of $365.64 million for the current fiscal year, with estimates ranging from $356.00 million to $370.50 million. For the next financial year, analysts forecast that the business will post sales of $433.40 million, with estimates ranging from $424.63 million to $445.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Inphi.

Inphi (NYSE:IPHI) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The firm had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $80.97 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year.

Several analysts recently issued reports on IPHI shares. Needham & Company LLC raised their target price on Inphi from $40.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. DA Davidson raised Inphi from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $45.00 in a research note on Monday, January 28th. Northland Securities reissued a “sell” rating and issued a $34.00 target price on shares of Inphi in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $55.00 target price (up from $46.00) on shares of Inphi in a research note on Wednesday, May 1st. Finally, Craig Hallum raised their target price on Inphi from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Inphi currently has an average rating of “Buy” and a consensus target price of $44.63.

Shares of NYSE IPHI traded up $1.35 during trading hours on Wednesday, hitting $51.47. The company’s stock had a trading volume of 722,567 shares, compared to its average volume of 749,719. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.13 and a quick ratio of 7.64. The stock has a market capitalization of $2.17 billion, a PE ratio of -90.30, a PEG ratio of 12.52 and a beta of 1.54. Inphi has a 12 month low of $29.56 and a 12 month high of $51.83.

In related news, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the completion of the sale, the chief executive officer now owns 444,397 shares of the company’s stock, valued at $21,468,819.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Richard Ogawa sold 1,320 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $43.62, for a total transaction of $57,578.40. Following the sale, the general counsel now directly owns 55,209 shares of the company’s stock, valued at approximately $2,408,216.58. The disclosure for this sale can be found here. Insiders have sold 65,758 shares of company stock valued at $3,130,920 over the last quarter. Company insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Inphi during the first quarter valued at approximately $70,000. Geode Capital Management LLC increased its position in shares of Inphi by 8.8% during the first quarter. Geode Capital Management LLC now owns 495,848 shares of the semiconductor company’s stock valued at $21,688,000 after acquiring an additional 40,097 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Inphi by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 250,027 shares of the semiconductor company’s stock valued at $10,937,000 after acquiring an additional 9,709 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Inphi during the first quarter valued at approximately $30,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Inphi by 95.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 185,405 shares of the semiconductor company’s stock valued at $8,110,000 after acquiring an additional 90,495 shares in 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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