Enphase Energy (NASDAQ:ENPH) PT Lowered to $147.00

Enphase Energy (NASDAQ:ENPH) had its price target dropped by equities researchers at Craig Hallum from $159.00 to $147.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target points to a potential upside of 36.33% from the company’s current price.

ENPH has been the subject of a number of other reports. BMO Capital Markets lowered their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a research note on Wednesday. Canaccord Genuity Group initiated coverage on Enphase Energy in a research note on Tuesday, January 16th. They issued a “buy” rating and a $142.00 target price for the company. StockNews.com lowered Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Oppenheimer raised their target price on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lowered their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $141.00.

Enphase Energy Stock Performance

Enphase Energy stock opened at $107.83 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The stock has a fifty day moving average price of $118.79 and a two-hundred day moving average price of $111.93. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $192.22. The firm has a market capitalization of $14.66 billion, a P/E ratio of 53.47, a P/E/G ratio of 3.24 and a beta of 1.47.

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

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the sale, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. In the last three months, insiders sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enphase Energy

Several institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Enphase Energy by 50.9% in the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 144 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Enphase Energy by 14.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,570 shares of the semiconductor company’s stock valued at $3,577,000 after acquiring an additional 3,700 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Enphase Energy by 24.9% in the 1st quarter. V Square Quantitative Management LLC now owns 2,008 shares of the semiconductor company’s stock valued at $243,000 after acquiring an additional 400 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Enphase Energy by 47.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,215 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 390 shares in the last quarter. Finally, TriaGen Wealth Management LLC lifted its stake in Enphase Energy by 4.0% in the 1st quarter. TriaGen Wealth Management LLC now owns 6,293 shares of the semiconductor company’s stock valued at $761,000 after acquiring an additional 241 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

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.