Inphi (NYSE:IPHI) Releases Q3 Earnings Guidance

Inphi (NYSE:IPHI) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.32-0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $88-92 million, compared to the consensus revenue estimate of $86.56 million.Inphi also updated its Q3 2019 guidance to $0.32-0.42 EPS.

NYSE:IPHI traded up $3.35 during mid-day trading on Friday, reaching $63.59. The company’s stock had a trading volume of 2,613,339 shares, compared to its average volume of 1,038,307. The stock’s fifty day moving average price is $55.12. 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 $64.50. The company has a market cap of $2.73 billion, a PE ratio of -111.56 and a beta of 1.55.

Inphi (NYSE:IPHI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.43. Inphi had a negative return on equity of 0.77% and a negative net margin of 26.31%. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.41 million. During the same period in the previous year, the business earned $0.15 EPS. Inphi’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts predict that Inphi will post -0.11 earnings per share for the current fiscal year.

IPHI has been the subject of a number of analyst reports. DA Davidson reduced their price target on Inphi to $52.00 and set a buy rating for the company in a research report on Tuesday, May 21st. Northland Securities set a $30.00 price target on Inphi and gave the stock a sell rating in a research report on Monday, May 20th. Zacks Investment Research upgraded Inphi from a sell rating to a hold rating and set a $67.00 price target for the company in a research report on Friday. Cowen boosted their price target on Inphi from $53.00 to $69.00 and gave the stock an outperform rating in a research report on Friday. Finally, Morgan Stanley boosted their price target on Inphi from $45.00 to $60.00 and gave the stock an equal weight rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $57.00.

In related news, Director William J. Ruehle sold 2,500 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $43.34, for a total transaction of $108,350.00. Following the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at $273,518.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ford Tamer sold 37,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $48.31, for a total value of $1,787,470.00. Following the completion of the transaction, the chief executive officer now owns 444,397 shares in the company, valued at approximately $21,468,819.07. The disclosure for this sale can be found here. Insiders have sold 55,141 shares of company stock worth $2,715,385 over the last ninety days. 3.30% of the stock is owned by insiders.

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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