Enphase Energy (NASDAQ:ENPH) PT Raised to $145.00

Enphase Energy (NASDAQ:ENPH) had its price target lifted by investment analysts at TD Cowen from $140.00 to $145.00 in a research note issued on Wednesday, Briefing.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target points to a potential upside of 27.78% from the stock’s previous close.

Several other equities research analysts have also issued reports on ENPH. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target on the stock. in a report on Wednesday. Morgan Stanley boosted their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Citigroup lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $121.00 in a report on Friday, April 5th. Barclays boosted their price target 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. Finally, Canaccord Genuity Group assumed coverage on shares of Enphase Energy in a report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average price target of $142.15.

Enphase Energy Stock Performance

Shares of ENPH opened at $113.48 on Wednesday. The company’s 50 day moving average price is $119.28 and its 200 day moving average price is $111.97. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $228.36. The company has a market capitalization of $15.43 billion, a PE ratio of 37.09, a PEG ratio of 3.16 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. Research analysts expect that Enphase Energy will post 2.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 in the last 90 days. 3.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ENPH. Vanguard Group Inc. boosted its stake in Enphase Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after acquiring an additional 192,854 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Enphase Energy by 387,343.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after acquiring an additional 4,078,723 shares during the last quarter. Northern Trust Corp boosted its stake 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 worth $180,314,000 after acquiring an additional 3,940 shares during the last quarter. Norges Bank bought a new position in Enphase Energy during the 4th quarter worth approximately $149,425,000. Finally, Schroder Investment Management Group boosted its stake in Enphase Energy by 3.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock worth $135,080,000 after acquiring an additional 35,681 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

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.