Enphase Energy (NASDAQ:ENPH) Research Coverage Started at Glj Research

Glj Research started coverage on shares of Enphase Energy (NASDAQ:ENPH) in a research note released on Tuesday morning, Benzinga reports. The brokerage issued a sell rating and a $45.82 price objective on the semiconductor company’s stock.

A number of other research analysts have also recently commented on ENPH. TD Cowen raised their target price on Enphase Energy from $140.00 to $145.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Mizuho reduced their target price on shares of Enphase Energy from $150.00 to $148.00 and set a buy rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group cut shares of Enphase Energy from a buy rating to a hold rating and lowered their price target for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. Truist Financial cut their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada lowered their target price on shares of Enphase Energy from $140.00 to $130.00 and set an outperform rating for the company in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $130.45.

Enphase Energy Stock Down 5.2 %

NASDAQ ENPH opened at $99.71 on Tuesday. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $192.22. The stock has a market capitalization of $13.57 billion, a PE ratio of 51.93, a PEG ratio of 4.06 and a beta of 1.77. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The business’s 50-day moving average is $117.05 and its 200 day moving average is $117.89.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The business had revenue of $263.34 million during the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Sell-side analysts forecast that Enphase Energy will post 1.49 earnings per share for the current year.

Insider Activity

In related news, CFO Mandy Yang bought 4,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares in the company, valued at approximately $6,564,305.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Mandy Yang bought 4,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the transaction, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The disclosure for this sale can be found here. Insiders have sold 349,526 shares of company stock worth $43,721,225 in the last three months. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Enphase Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after acquiring an additional 192,854 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Enphase Energy by 387,343.1% in 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 during the last quarter. Swedbank AB purchased a new position in Enphase Energy in the 1st quarter worth about $424,130,000. Northern Trust Corp lifted its holdings in Enphase Energy by 0.3% during the 4th 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 in the last quarter. Finally, Norges Bank purchased a new stake in Enphase Energy in the 4th quarter valued at about $149,425,000. 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.