Investors Purchase High Volume of Enphase Energy Put Options (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) was the recipient of unusually large options trading activity on Thursday. Traders bought 62,836 put options on the stock. This is an increase of 24% compared to the typical volume of 50,553 put options.

Insider Transactions at Enphase Energy

In related news, CFO Mandy Yang bought 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares in the company, valued at approximately $6,564,305.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mandy Yang purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the transaction, the chief financial officer now owns 62,973 shares in the company, valued at $6,564,305.52. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 30,000 shares of company stock valued at $3,219,700. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $206,000. Legato Capital Management LLC acquired a new stake in Enphase Energy in the 4th quarter worth approximately $1,542,000. Assenagon Asset Management S.A. boosted its stake in Enphase Energy by 348.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after purchasing an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Enphase Energy in the 4th quarter worth approximately $566,000. Finally, Glenmede Trust Co. NA boosted its stake in Enphase Energy by 92.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock worth $380,000 after purchasing an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 6.5 %

ENPH stock opened at $125.18 on Friday. The company has a market capitalization of $17.03 billion, a PE ratio of 65.20, a P/E/G ratio of 4.48 and a beta of 1.50. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $192.22. The firm’s 50-day moving average is $114.00 and its 200 day moving average is $113.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The business had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, research analysts anticipate that Enphase Energy will post 1.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $111.00 price objective (down from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Canaccord Genuity Group reduced their target price on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $111.00 in a research report on Wednesday, April 24th. Finally, Susquehanna reiterated a “positive” rating and issued a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average price target of $133.45.

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.