Enphase Energy, Inc. (NASDAQ:ENPH) CFO Acquires $416,960.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang bought 4,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price of $104.24 per share, with a total value of $416,960.00. Following the purchase, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $114.20 on Friday. The firm has a market cap of $15.54 billion, a P/E ratio of 59.48, a PEG ratio of 3.79 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The stock’s 50-day moving average is $116.24 and its two-hundred day moving average is $111.16.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share 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%. Analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research reports. Jefferies Financial Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. Oppenheimer raised their price target on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada reduced their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their target price on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $111.00 price target (down previously from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th. Three 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $133.45.

Institutional Investors Weigh In On Enphase Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake 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 worth $162,000 after acquiring an additional 820 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Enphase Energy by 22.0% during the third quarter. Commonwealth Equity Services LLC now owns 100,718 shares of the semiconductor company’s stock worth $12,101,000 after purchasing an additional 18,130 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Enphase Energy by 2.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,870 shares of the semiconductor company’s stock valued at $3,108,000 after purchasing an additional 600 shares during the last quarter. Xponance Inc. raised its position in shares of Enphase Energy by 3.8% in the third quarter. Xponance Inc. now owns 31,622 shares of the semiconductor company’s stock valued at $3,799,000 after purchasing an additional 1,157 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Enphase Energy by 16.0% in the third quarter. Pinnacle Associates Ltd. now owns 2,597 shares of the semiconductor company’s stock worth $312,000 after buying an additional 358 shares during the last quarter. Institutional investors and hedge funds 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.