Enphase Energy (NASDAQ:ENPH) Earns Hold Rating from Analysts at DZ Bank

DZ Bank initiated coverage on shares of Enphase Energy (NASDAQ:ENPH) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $116.00 target price on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Enphase Energy from a hold rating to a sell rating in a research note on Wednesday, February 7th. Royal Bank of Canada initiated coverage on shares of Enphase Energy in a research note on Wednesday, February 14th. They issued an outperform rating and a $140.00 price objective for the company. KeyCorp reaffirmed a sector weight rating on shares of Enphase Energy in a research note on Thursday, January 4th. Piper Sandler reduced their price objective on shares of Enphase Energy from $120.00 to $117.00 and set a neutral rating for the company in a research note on Friday, January 12th. Finally, Barclays lifted their price objective on shares of Enphase Energy from $106.00 to $115.00 and gave the company an equal weight rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $149.94.

Enphase Energy Trading Up 1.4 %

Shares of NASDAQ:ENPH opened at $112.05 on Wednesday. The firm has a fifty day moving average of $120.33 and a two-hundred day moving average of $112.19. The firm has a market capitalization of $15.24 billion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 3.12 and a beta of 1.47. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $231.42. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, equities analysts expect that Enphase Energy will post 2.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, 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 filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,285 shares of company stock valued at $4,054,428. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enphase Energy

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Enphase Energy by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after purchasing an additional 192,854 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after purchasing an additional 4,078,723 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Enphase Energy by 1.8% during the first quarter. Geode Capital Management LLC now owns 2,897,279 shares of the semiconductor company’s stock worth $607,929,000 after purchasing an additional 51,092 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Enphase Energy by 1.0% during the fourth quarter. Voya Investment Management LLC now owns 2,524,721 shares of the semiconductor company’s stock worth $333,617,000 after purchasing an additional 25,408 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after buying an additional 3,940 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.