Enphase Energy (NASDAQ:ENPH) Lifted to “Overweight” at Barclays

Barclays upgraded shares of Enphase Energy (NASDAQ:ENPH) from an equal weight rating to an overweight rating in a report issued on Friday, Marketbeat Ratings reports. Barclays currently has $134.00 price target on the semiconductor company’s stock, up from their previous price target of $115.00.

Several other equities analysts also recently commented on ENPH. Truist Financial cut their price target on shares of Enphase Energy from $145.00 to $130.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. Mizuho cut their target price on Enphase Energy from $150.00 to $148.00 and set a buy rating on the stock in a research note on Friday, April 19th. Jefferies Financial Group lowered Enphase Energy from a buy rating to a hold rating and decreased their price target for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. Roth Mkm reaffirmed a buy rating and issued a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday, April 24th. Finally, Susquehanna reiterated a positive rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Friday, April 5th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $137.41.

Enphase Energy Trading Up 3.8 %

Shares of ENPH stock opened at $111.93 on Friday. The company has a market cap of $15.23 billion, a PE ratio of 58.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.47. 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 stock’s 50 day simple moving average is $117.82 and its two-hundred day simple moving average is $111.63. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results 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 company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Research analysts predict that Enphase Energy will post 1.56 earnings per share for the current year.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated 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 in the company, valued at $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of the 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 transaction, the director now owns 3,126 shares in the company, 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 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently bought and sold shares of ENPH. Pinnacle Associates Ltd. lifted its position in Enphase Energy by 25.8% during the first 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 during the period. YHB Investment Advisors Inc. purchased a new position in Enphase Energy during the first quarter valued at approximately $35,000. Clear Creek Financial Management LLC purchased a new stake in Enphase Energy in the 1st quarter worth approximately $225,000. Lindbrook Capital LLC grew its stake in shares of Enphase Energy by 50.9% during 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. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of 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. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.