Inphi (IPHI) Releases Q2 Earnings Guidance

Inphi (NYSE:IPHI) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.28-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $82.3-86.3 million, compared to the consensus revenue estimate of $87.23 million.

A number of brokerages have weighed in on IPHI. Craig Hallum reduced their target price on Inphi from $58.00 to $53.00 and set a buy rating on the stock in a report on Thursday. DA Davidson cut their price objective on Inphi to $52.00 and set a buy rating on the stock in a report on Tuesday. Northland Securities set a $30.00 price objective on Inphi and gave the company a sell rating in a report on Monday. Bank of America raised Inphi from a neutral rating to a buy rating in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $55.00 price objective (up previously from $46.00) on shares of Inphi in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $44.46.

NYSE IPHI opened at $43.04 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 7.64 and a current ratio of 8.13. Inphi has a twelve month low of $29.56 and a twelve month high of $51.83. The firm has a market cap of $1.86 billion, a P/E ratio of -75.51, a PEG ratio of 10.70 and a beta of 1.54.

Inphi (NYSE:IPHI) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). Inphi had a negative return on equity of 3.13% and a negative net margin of 30.17%. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $80.97 million. During the same quarter last year, the business posted ($0.05) EPS. Inphi’s revenue for the quarter was up 36.8% on a year-over-year basis. On average, analysts forecast that Inphi will post 0.15 earnings per share for the current fiscal year.

In related news, CEO Ford Tamer sold 37,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $48.31, for a total transaction of $1,787,470.00. Following the completion of the transaction, the chief executive officer now directly owns 444,397 shares of the company’s stock, valued at approximately $21,468,819.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ron Torten sold 1,247 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.00, for a total value of $56,115.00. Following the transaction, the vice president now directly owns 65,090 shares of the company’s stock, valued at $2,929,050. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,758 shares of company stock worth $3,130,920. 3.30% of the stock is currently owned by company insiders.

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Inphi Company Profile

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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