Enphase Energy (NASDAQ:ENPH) Given “Buy” Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research note published on Wednesday, Benzinga reports. The brokerage currently has a $140.00 target price on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Citigroup cut shares of Enphase Energy from a buy rating to a neutral rating and decreased their price target for the stock from $126.00 to $121.00 in a research note on Friday, April 5th. KeyCorp restated a sector weight rating on shares of Enphase Energy in a report on Thursday, January 4th. Canaccord Genuity Group lowered their target price on shares of Enphase Energy from $132.00 to $130.00 and set a buy rating for the company in a report on Wednesday. Royal Bank of Canada began coverage on shares of Enphase Energy in a report on Wednesday, February 14th. They issued an outperform rating and a $140.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of Enphase Energy from $106.00 to $110.00 and gave the company a market perform rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy has a consensus rating of Hold and an average price target of $141.00.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $107.17 on Wednesday. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 55.82, a PEG ratio of 3.24 and a beta of 1.47. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $228.36. The company’s 50-day moving average price is $119.28 and its 200 day moving average price is $111.97. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. As a group, research analysts forecast that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock valued at $4,054,428 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of Enphase Energy

Hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in Enphase Energy during the fourth quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in Enphase Energy during the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust lifted its stake in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares in the last quarter. Addison Advisors LLC lifted its stake in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.