Enphase Energy (NASDAQ:ENPH) PT Lowered to $130.00

Enphase Energy (NASDAQ:ENPH) had its price target lowered by equities research analysts at Truist Financial from $145.00 to $130.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Truist Financial’s price objective suggests a potential upside of 21.30% from the company’s current price.

Several other brokerages have also issued reports on ENPH. 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 research note on Friday, April 5th. Oppenheimer upgraded shares of Enphase Energy from a “market perform” rating to an “outperform” rating and set a $133.00 price target on the stock in a research note on Wednesday, February 7th. Roth Mkm reiterated a “buy” rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Thursday, April 18th. DZ Bank began coverage on shares of Enphase Energy in a research note on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Enphase Energy from $106.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus price target of $141.00.

Enphase Energy Trading Down 5.6 %

ENPH opened at $107.17 on Tuesday. The stock has a market capitalization of $14.57 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.16 and a beta of 1.47. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $228.36. The firm’s fifty day simple moving average is $119.28 and its 200 day simple moving average is $111.97. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32.

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. The business had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. As a group, research analysts anticipate that Enphase Energy will post 2.01 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction dated 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 sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the sale, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock valued at $4,054,428 in the last quarter. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Donoghue Forlines LLC lifted its holdings in shares of Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 90 shares during the period. Fermata Advisors LLC lifted its stake in Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after purchasing an additional 100 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Enphase Energy by 68.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. Fulton Breakefield Broenniman LLC lifted its stake in Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after purchasing an additional 107 shares during the last quarter. Finally, VitalStone Financial LLC lifted its stake in Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 111 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.