Enphase Energy (NASDAQ:ENPH) PT Raised to $153.00

Enphase Energy (NASDAQ:ENPH) had its price target raised by analysts at Craig Hallum from $147.00 to $153.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target suggests a potential upside of 30.19% from the stock’s current price.

ENPH has been the topic of several other research reports. Royal Bank of Canada dropped their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research note on Wednesday, April 24th. Susquehanna lifted their price target on shares of Enphase Energy from $140.00 to $147.00 and gave the stock a “positive” rating in a research note on Monday, July 15th. Bank of America dropped their price target on shares of Enphase Energy from $71.00 to $70.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Finally, BMO Capital Markets dropped their price target on shares of Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and a consensus price target of $129.70.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $117.52 on Wednesday. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 4.79 and a beta of 1.71. The firm’s fifty day simple moving average is $115.21 and its 200 day simple moving average is $115.31. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $176.00.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 16.90%. The business’s revenue was down 57.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, equities research analysts expect that Enphase Energy will post 1.31 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Enphase Energy during the 4th quarter valued at about $26,000. Manchester Capital Management LLC lifted its stake in shares of Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 203 shares during the period. CVA Family Office LLC acquired a new stake in shares of Enphase Energy in the 4th quarter worth approximately $31,000. Chilton Capital Management LLC lifted its stake in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Enphase Energy in the 1st quarter worth approximately $35,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.