Enphase Energy (NASDAQ:ENPH) Trading 5.8% Higher

Enphase Energy, Inc. (NASDAQ:ENPH) shares traded up 5.8% on Friday . The stock traded as high as $115.47 and last traded at $114.11. 1,578,622 shares were traded during trading, a decline of 62% from the average session volume of 4,179,273 shares. The stock had previously closed at $107.83.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price on the stock. in a research report on Wednesday. B. Riley upped their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $111.00 price target (down previously from $113.00) on shares of Enphase Energy in a report on Wednesday. Oppenheimer upped their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $140.00 price target on shares of Enphase Energy in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.41.

Enphase Energy Stock Up 3.8 %

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 firm’s 50-day moving average is $117.82 and its 200 day moving average is $111.85. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Sell-side analysts anticipate that Enphase Energy, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the stock in a transaction 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 sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. Insiders sold 54,285 shares of company stock valued at $6,148,228 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Several large investors have recently made changes to their positions in ENPH. Pinnacle Associates Ltd. grew its holdings in Enphase Energy by 25.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 2,510 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 515 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Enphase Energy during the 1st quarter valued at $35,000. Clear Creek Financial Management LLC acquired a new stake in Enphase Energy during the 1st quarter valued at $225,000. Lindbrook Capital LLC grew its holdings in Enphase Energy by 50.9% during the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 144 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew 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 purchasing an additional 3,700 shares in 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.