Barclays Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $129.00

Enphase Energy (NASDAQ:ENPH) had its price target decreased by Barclays from $131.00 to $129.00 in a report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

A number of other analysts have also issued reports on the company. Craig Hallum boosted their price objective on Enphase Energy from $147.00 to $153.00 and gave the company a buy rating in a research note on Wednesday, July 24th. HSBC raised shares of Enphase Energy from a hold rating to a buy rating and set a $166.00 price target on the stock in a report on Monday, June 10th. TD Cowen boosted their price objective on shares of Enphase Energy from $140.00 to $145.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Mizuho lowered their target price on shares of Enphase Energy from $150.00 to $148.00 and set a buy rating on the stock in a research note on Friday, April 19th. Finally, Guggenheim boosted their price target on shares of Enphase Energy from $92.00 to $93.00 and gave the company a sell rating in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $128.53.

Enphase Energy Stock Up 1.5 %

ENPH stock opened at $119.34 on Thursday. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 62.16, a PEG ratio of 5.82 and a beta of 1.71. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $175.59. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.78 and a current ratio of 4.23. The stock has a fifty day moving average of $115.31 and a 200-day moving average of $115.31.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s quarterly revenue was down 57.3% compared to the same quarter last year. As a group, equities research analysts predict that Enphase Energy will post 1.24 earnings per share for the current year.

Insider Buying and Selling at Enphase Energy

In other news, CFO Mandy Yang bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares in the company, valued at $6,564,305.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Enphase Energy news, CFO Mandy Yang bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 319,526 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the transaction, the director now directly owns 1,984,562 shares of the company’s stock, valued at approximately $251,106,629.86. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently bought and sold shares of ENPH. CVA Family Office LLC bought a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $31,000. Altfest L J & Co. Inc. purchased a new position in Enphase Energy during the fourth quarter valued at $472,000. Blue Trust Inc. boosted its holdings in shares of Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Enphase Energy in the 4th quarter worth about $216,000. Finally, BlueDrive Global Investors LLP bought a new position in shares of Enphase Energy in the 4th quarter worth about $2,966,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.