Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Roth Mkm

Enphase Energy (NASDAQ:ENPH)‘s stock had its “buy” rating reiterated by stock analysts at Roth Mkm in a report issued on Thursday, Benzinga reports. They currently have a $140.00 price objective on the semiconductor company’s stock. Roth Mkm’s price objective would suggest a potential upside of 31.48% from the company’s previous close.

Several other brokerages have also recently issued reports on ENPH. StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Susquehanna reaffirmed a “positive” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. Wells Fargo & Company raised Enphase Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $98.00 to $141.00 in a research report on Monday, January 8th. Oppenheimer raised Enphase Energy from a “market perform” rating to an “outperform” rating and set a $133.00 price objective on the stock in a research report on Wednesday, February 7th. Finally, DZ Bank began coverage on Enphase Energy in a research report on Wednesday. They issued a “hold” rating and a $116.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.88.

Enphase Energy Trading Down 2.5 %

NASDAQ ENPH opened at $106.48 on Thursday. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.10 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 business has a 50 day moving average price of $119.85 and a 200-day moving average price of $112.10. 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 announced its 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. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, equities analysts expect that Enphase Energy will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction 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 sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

Institutional investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. boosted its holdings in shares of Enphase Energy by 42.5% in the 1st quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 1,201 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of Enphase Energy in the 1st quarter worth about $249,000. Cibc World Market Inc. boosted its holdings in shares of Enphase Energy by 219.1% in the 1st quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after purchasing an additional 3,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Enphase Energy by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock worth $80,436,000 after purchasing an additional 6,401 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Enphase Energy by 8.7% in the 1st quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock worth $457,000 after purchasing an additional 182 shares in the last quarter. 72.12% of the stock is currently owned by 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.