Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Roth Mkm

Enphase Energy (NASDAQ:ENPH)‘s stock had its “buy” rating restated by investment analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They presently have a $140.00 price objective on the semiconductor company’s stock. Roth Mkm’s target price would suggest a potential upside of 29.83% from the company’s current price.

ENPH has been the topic of a number of other reports. Oppenheimer boosted their target price on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler reduced their price objective on shares of Enphase Energy from $120.00 to $117.00 and set a “neutral” rating on the stock in a research note on Friday, January 12th. Citigroup lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $126.00 to $121.00 in a research note on Friday, April 5th. Susquehanna reaffirmed a “positive” rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Friday, April 5th. Finally, BMO Capital Markets upped their price objective 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $141.00.

Enphase Energy Trading Up 0.6 %

ENPH opened at $107.83 on Wednesday. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 53.47, a PEG ratio of 3.24 and a beta of 1.47. The company’s 50 day moving average price is $118.79 and its two-hundred day moving average price is $111.93.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. As a group, research analysts predict that Enphase Energy will post 2.01 earnings per share for the current year.

Insiders Place Their Bets

In other Enphase Energy news, 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 transaction of $2,928,528.15. Following the transaction, 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 SEC, which is available through this link. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Mora sold 24,285 shares of Enphase Energy 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 completion of the sale, 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 corporate insiders.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings in shares of Enphase Energy by 50.9% in the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 144 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Enphase Energy by 14.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,570 shares of the semiconductor company’s stock valued at $3,577,000 after acquiring an additional 3,700 shares during the period. V Square Quantitative Management LLC raised its holdings in Enphase Energy by 24.9% during the 1st quarter. V Square Quantitative Management LLC now owns 2,008 shares of the semiconductor company’s stock valued at $243,000 after acquiring an additional 400 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Enphase Energy by 47.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,215 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 390 shares during the period. Finally, TriaGen Wealth Management LLC raised its holdings in Enphase Energy by 4.0% during the 1st quarter. TriaGen Wealth Management LLC now owns 6,293 shares of the semiconductor company’s stock valued at $761,000 after acquiring an additional 241 shares during the period. Institutional investors own 72.12% of the company’s stock.

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.