Enphase Energy (NASDAQ:ENPH) PT Raised to $285.00

Enphase Energy (NASDAQ:ENPH – Get Rating) had its target price raised by Citigroup from $205.00 to $285.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

ENPH has been the topic of several other research reports. Oppenheimer raised their target price on shares of Enphase Energy from $323.00 to $328.00 in a report on Wednesday, February 8th. JPMorgan Chase & Co. cut their price target on shares of Enphase Energy from $310.00 to $307.00 and set an overweight rating for the company in a report on Wednesday, February 8th. OTR Global cut shares of Enphase Energy to a positive rating in a report on Tuesday, January 24th. Wells Fargo & Company raised their price objective on shares of Enphase Energy from $326.00 to $379.00 and gave the stock an overweight rating in a research note on Friday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Enphase Energy from $379.00 to $327.00 and set a buy rating on the stock in a research report on Monday, January 30th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $306.20.

Enphase Energy Trading Up 0.6 %

Shares of ENPH stock opened at $211.53 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55 and a quick ratio of 3.31. The firm has a market cap of $28.87 billion, a PE ratio of 76.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. The company has a 50-day moving average of $222.36 and a two-hundred day moving average of $267.86. Enphase Energy has a 1-year low of $128.67 and a 1-year high of $339.92.

Insiders Place Their Bets

In other news, EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the transaction, the executive vice president now owns 97,102 shares in the company, valued at approximately $19,735,981.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total transaction of $1,524,375.00. Following the transaction, the executive vice president now directly owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $327.65, for a total value of $11,902,541.55. Following the completion of the transaction, the chief executive officer now directly owns 1,131,459 shares in the company, valued at $370,722,541.35. The disclosure for this sale can be found here. Insiders have sold a total of 48,327 shares of company stock worth $14,392,707 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Several large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its holdings in Enphase Energy by 42.5% in the 1st quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 1,201 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Enphase Energy during the first quarter worth about $249,000. Cibc World Market Inc. grew its holdings in shares of Enphase Energy by 219.1% during the first quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after purchasing an additional 3,653 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enphase Energy by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock worth $80,436,000 after purchasing an additional 6,401 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Enphase Energy by 8.7% during the first quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 182 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors.

Enphase Energy Company Profile

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.