Enphase Energy (NASDAQ:ENPH) Earns “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $140.00 price objective on the semiconductor company’s stock.

ENPH has been the subject of several other reports. StockNews.com downgraded Enphase Energy from a hold rating to a sell rating in a research note on Wednesday, February 7th. Canaccord Genuity Group assumed coverage on Enphase Energy in a research note on Tuesday, January 16th. They issued a buy rating and a $142.00 price objective for the company. Mizuho dropped their target price on Enphase Energy from $150.00 to $148.00 and set a buy rating for the company in a report on Friday, April 19th. Wells Fargo & Company upgraded Enphase Energy from an equal weight rating to an overweight rating and increased their price target for the stock from $98.00 to $141.00 in a report on Monday, January 8th. Finally, Barclays increased their price target on Enphase Energy from $106.00 to $115.00 and gave the stock an equal weight rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of Hold and a consensus target price of $137.41.

Enphase Energy Trading Up 3.8 %

Shares of ENPH stock opened at $111.93 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 3.17 and a beta of 1.47. The stock has a 50 day simple moving average of $118.22 and a 200-day simple moving average of $111.90. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. On average, equities research analysts expect that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the firm’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 approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were 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 in the company, valued at $376,964.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,285 shares of company stock valued at $6,148,228. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ENPH. Bogart Wealth LLC purchased a new position in shares of Enphase Energy in the 4th quarter valued at approximately $26,000. CVA Family Office LLC purchased a new position in shares of Enphase Energy in the 4th quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy in the first quarter valued at approximately $35,000. Parkside Financial Bank & Trust boosted its stake in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other 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.