Wall Street analysts expect Inphi Corporation (NYSE:IPHI) to report $86.30 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Inphi’s earnings. The lowest sales estimate is $86.00 million and the highest is $86.70 million. Inphi reported sales of $80.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Inphi will report full-year sales of $86.30 million for the current fiscal year, with estimates ranging from $348.50 million to $349.14 million. For the next fiscal year, analysts forecast that the company will report sales of $405.80 million per share, with estimates ranging from $397.00 million to $414.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Inphi.

Inphi (NYSE:IPHI) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.27. The business had revenue of $84.50 million during the quarter, compared to the consensus estimate of $84.30 million. Inphi had a negative net margin of 16.27% and a positive return on equity of 7.79%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS.

IPHI has been the subject of a number of recent analyst reports. Jefferies Group set a $50.00 price target on shares of Inphi and gave the stock a “buy” rating in a report on Wednesday, October 18th. B. Riley downgraded shares of Inphi to a “buy” rating in a report on Thursday, December 7th. BidaskClub downgraded shares of Inphi from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Inphi in a report on Wednesday, November 1st. Finally, Morgan Stanley raised their price target on shares of Inphi from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Inphi has a consensus rating of “Buy” and an average price target of $45.00.

In related news, VP Charles Roach sold 28,000 shares of Inphi stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.27, for a total value of $1,127,560.00. Following the completion of the sale, the vice president now owns 93,947 shares in the company, valued at approximately $3,783,245.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diosdado P. Banatao sold 8,000 shares of Inphi stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $40.77, for a total transaction of $326,160.00. Following the completion of the sale, the director now owns 6,542 shares of the company’s stock, valued at approximately $266,717.34. The disclosure for this sale can be found here. Insiders sold a total of 100,298 shares of company stock valued at $4,038,867 in the last quarter. 3.60% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. FMR LLC boosted its position in Inphi by 1,047.9% in the 2nd quarter. FMR LLC now owns 5,894,333 shares of the semiconductor company’s stock valued at $202,176,000 after buying an additional 5,380,825 shares during the period. Capital Research Global Investors boosted its position in Inphi by 3.7% in the 2nd quarter. Capital Research Global Investors now owns 5,064,201 shares of the semiconductor company’s stock valued at $173,702,000 after buying an additional 180,367 shares during the period. Vanguard Group Inc. boosted its position in Inphi by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,068,076 shares of the semiconductor company’s stock valued at $105,235,000 after buying an additional 97,957 shares during the period. Ameriprise Financial Inc. boosted its position in Inphi by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,912,098 shares of the semiconductor company’s stock valued at $115,581,000 after buying an additional 153,355 shares during the period. Finally, Franklin Resources Inc. boosted its position in Inphi by 148.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,402,200 shares of the semiconductor company’s stock valued at $48,095,000 after buying an additional 837,600 shares during the period.

Shares of Inphi (NYSE:IPHI) opened at $36.89 on Thursday. The stock has a market cap of $1,560.00, a P/E ratio of -27.33, a PEG ratio of 1.95 and a beta of 1.03. The company has a current ratio of 7.20, a quick ratio of 6.72 and a debt-to-equity ratio of 1.02. Inphi has a 1-year low of $33.00 and a 1-year high of $51.78.

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About Inphi

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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