Mandy Yang Purchases 4,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enphase Energy Price Performance

Shares of ENPH opened at $114.20 on Friday. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The business’s 50 day moving average price is $116.24 and its two-hundred day moving average price is $111.28. The firm has a market cap of $15.54 billion, a PE ratio of 59.48, a price-to-earnings-growth ratio of 3.76 and a beta of 1.50.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, equities analysts anticipate that Enphase Energy, Inc. will post 1.59 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Craig Hallum lowered their price target on Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. B. Riley raised their price objective on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley boosted their target price on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets decreased their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $133.45.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors have recently modified their holdings of ENPH. Exchange Traded Concepts LLC raised its position in shares of Enphase Energy by 155.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 820 shares during the period. Commonwealth Equity Services LLC raised its position in Enphase Energy by 22.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 100,718 shares of the semiconductor company’s stock valued at $12,101,000 after buying an additional 18,130 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Enphase Energy by 2.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,870 shares of the semiconductor company’s stock valued at $3,108,000 after purchasing an additional 600 shares during the period. Xponance Inc. grew its stake in Enphase Energy by 3.8% in the 3rd quarter. Xponance Inc. now owns 31,622 shares of the semiconductor company’s stock valued at $3,799,000 after purchasing an additional 1,157 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in Enphase Energy by 16.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,597 shares of the semiconductor company’s stock valued at $312,000 after purchasing an additional 358 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

About Enphase Energy

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.