Inphi Corporation (IPHI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.26. The company posted revenue of $66.50 million in the period, compared to analysts expectations of $66.32 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Inphi Corporation. Company shares were Reiterated by Stifel on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Upgraded by Deutsche Bank on Mar 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $30 .Company shares were Reiterated by Needham on Feb 8, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .
Inphi Corporation opened for trading at $32.01 and hit $33.58 on the upside on Wednesday, eventually ending the session at $33.13, with a gain of 3.79% or 1.21 points. The heightened volatility saw the trading volume jump to 6,66,484 shares. Company has a market cap of $1,321 M.
In a different news, on Apr 6, 2016, Charles Roach (V.P. of Worldwide Sales) sold 4,000 shares at $34.07 per share price. According to the SEC, on Nov 18, 2015, Diosdado P Banatao (director) sold 14,384 shares at $29.79 per share price. On Nov 9, 2015, Ron Torten (Sr. VP of Operations & IT) sold 18,750 shares at $29.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Inphi Corporation is a fabless provider of analog and mixed signal semiconductor solutions for the communications datacenter and computing markets. The Company’s solutions provide an interface between analog signals and digital information in systems such as telecommunications transport systems enterprise networking equipment datacenters and enterprise servers storage platforms test and measurement equipment and military systems. The Company’s semiconductor solutions are designed to address bandwidth bottlenecks in networks and enable the rollout of communications datacenter and computing infrastructures. It is engaged in developing broadband analog semiconductors operating at frequencies of up to 100 gigahertz. It has developed specific internal models and design kits for each process to support a uniform design methodology across its semiconductor solutions.