Trading Report: The Inphi Corp. (IPHI) Set to Announce Quarterly Earnings on Tuesday

The Inphi Corp. (IPHI) Set to Announce Quarterly Earnings on Tuesday

Inphi Corp. (NYSE:IPHI) is scheduled to post its Q316 quarterly earnings results on Tuesday, November 1st. Analysts expect Inphi Corp. to post earnings of $0.38 per share and revenue of $67.88 million for the quarter. Inphi Corp. has set its Q3 guidance at $0.37-0.39 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Inphi Corp. (NYSE:IPHI) last released its earnings results on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm earned $60.50 million during the quarter, compared to the consensus estimate of $69.34 million. Inphi Corp. had a positive return on equity of 7.29% and a negative net margin of 1.16%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, analysts expect Inphi Corp. to post $1.36 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.

Shares of Inphi Corp. (NYSE:IPHI) opened at 37.06 on Monday. The firm has a 50-day moving average price of $40.70 and a 200-day moving average price of $35.82. The firm’s market capitalization is $1.51 billion. Inphi Corp. has a 52-week low of $22.07 and a 52-week high of $44.82.

In related news, Director Sam Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $41.40, for a total value of $414,000.00. Following the completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at $436,231.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ford Tamer sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $41.02, for a total transaction of $1,640,800.00. The disclosure for this sale can be found here. 4.22% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of IPHI. BlackRock Inc. raised its stake in shares of Inphi Corp. by 57.9% in the second quarter. BlackRock Inc. now owns 3,839 shares of the company’s stock worth $123,000 after buying an additional 1,407 shares in the last quarter. Jefferies Group LLC acquired a new position in shares of Inphi Corp. during the second quarter worth about $233,000. A.R.T. Advisors LLC boosted its position in shares of Inphi Corp. by 17.0% in the second quarter. A.R.T. Advisors LLC now owns 10,516 shares of the company’s stock worth $336,000 after buying an additional 1,528 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Inphi Corp. by 18.5% in the second quarter. BlackRock Group LTD now owns 11,751 shares of the company’s stock worth $377,000 after buying an additional 1,836 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Inphi Corp. by 55.9% in the second quarter. Guggenheim Capital LLC now owns 12,439 shares of the company’s stock worth $398,000 after buying an additional 4,459 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on IPHI. B. Riley reiterated a “buy” rating and issued a $46.00 target price on shares of Inphi Corp. in a research note on Tuesday, August 9th. Northland Securities cut shares of Inphi Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Jefferies Group reissued a “buy” rating on shares of Inphi Corp. in a research report on Thursday, September 8th. Zacks Investment Research lowered shares of Inphi Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Inphi Corp. in a research report on Monday, July 25th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $40.04.

About Inphi Corp.

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