Enphase Energy (NASDAQ:ENPH – Free Report) Barclays Inc. lowered its price target from $134.00 to $131.00 in a report issued Friday, Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.
ENPH has been the subject of a number of other reports. Mizuho lowered their price target on shares of Enphase Energy from $150.00 to $148.00 and set a buy rating on the stock in a research report on Friday, April 19th. Craig Hallum lowered their price target on Enphase Energy from $159.00 to $147.00 and set a buy rating on the company in a report on Wednesday, April 24th. DZ Bank initiated coverage on Enphase Energy in a report on Wednesday, April 17th. They set a hold rating and a $116.00 price target on the company. Truist Financial lowered their price target on Enphase Energy from $145.00 to $130.00 and set a buy rating on the company in a report on Tuesday, April 23rd. Finally, B. Riley raised their price target on Enphase Energy from $121.00 to $149.00 and gave the stock a buy rating in a report on Monday, April 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, and seventeen have given a buy rating to the stock. According to MarketBeat, the firm has an average rating of Hold and a consensus price target of $130.35.
Read our latest research report on Enphase Energy
Enphase Energy Stock Return
Shares of ENPH opened at $119.34 on Friday. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The company has a market cap of $16.24 billion, a PE ratio of 62.16, a price-to-earnings growth ratio of 4.59 and a beta of 1.71. The company’s 50-day simple moving average is $115.72 and its 200-day simple moving average is $116.44. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $192.22.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last announced its earnings results on Tuesday, April 23. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. As a group, equities analysts predict that Enphase Energy will post 1.43 EPS for the current year.
Buy and sell insider
In related news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction dated Wednesday, May 29. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the sale, the Director now owns 1,984,562 shares of the company’s stock, valued at approximately $251,106,629.86. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, June 17. The shares were sold at an average price of $123.27, for a total transaction value of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this link. Also, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction dated Wednesday, May 29. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the completion of the sale, the Director now owns 1,984,562 shares of the company’s stock, valued at approximately $251,106,629.86. The disclosure for this sale can be found here. During the last quarter, insiders sold 349,526 shares of the company’s stock valued at $43,721,225. 3.40% of the shares are held by company insiders.
Enphase Energy Institutional Trading
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donoghue Forlines LLC increased its stake in Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after purchasing an additional 90 shares during the period. Fermata Advisors LLC increased its stake in Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 100 shares during the period. Hollencrest Capital Management increased its stake in shares of Enphase Energy by 3.3% in the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 100 shares in the last quarter. Fulton Breakefield Broenniman LLC increased its stake in shares of Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after purchasing an additional 107 shares in the last quarter. Finally, VitalStone Financial LLC increased its stake in shares of Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.
Enphase Energy Company Profile
(Get free report)
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and markets home energy solutions for the photovoltaic solar industry in the United States and internationally. The Company offers semiconductor-based microinverters that convert energy at the individual solar module level and combine them with its proprietary networking and software technologies to provide energy monitoring and control.
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