Enphase Energy’s (ENPH) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a report issued on Wednesday morning, Benzinga reports. Roth Mkm currently has a $140.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Barclays upped their target price on shares of Enphase Energy from $106.00 to $115.00 and gave the company an equal weight rating in a report on Thursday, February 8th. Oppenheimer raised their price objective on Enphase Energy from $133.00 to $134.00 and gave the company an outperform rating in a research report on Wednesday. DZ Bank initiated coverage on Enphase Energy in a research note on Wednesday, April 17th. They set a hold rating and a $116.00 target price for the company. Susquehanna restated a positive rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Friday, April 5th. Finally, KeyCorp reaffirmed a sector weight rating on shares of Enphase Energy in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $137.41.

Enphase Energy Stock Up 3.8 %

ENPH stock opened at $111.93 on Wednesday. The business has a 50-day moving average of $117.82 and a 200-day moving average of $111.85. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The stock has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19.

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. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, sell-side analysts anticipate that Enphase Energy will post 1.96 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 firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought 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 directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is owned by company insiders.

Institutional Trading of Enphase Energy

A number of large investors have recently made changes to their positions in the business. CWM LLC grew its position in Enphase Energy by 6.3% in the third quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 239 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Enphase Energy by 24.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company’s stock worth $1,795,000 after purchasing an additional 2,921 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Enphase Energy by 108.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 325 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 820 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Enphase Energy during the 3rd quarter valued at $259,000. 72.12% of the stock is currently owned by institutional investors.

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.