David A. Ranhoff Sells 7,500 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) EVP David A. Ranhoff sold 7,500 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $303.43, for a total transaction of $2,275,725.00. Following the transaction, the executive vice president now directly owns 85,402 shares in the company, valued at $25,913,528.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Enphase Energy Trading Down 1.5 %

Shares of ENPH stock opened at $315.78 on Friday. The firm has a market cap of $42.92 billion, a P/E ratio of 151.82, a PEG ratio of 2.20 and a beta of 1.43. Enphase Energy, Inc. has a 1-year low of $113.40 and a 1-year high of $324.84. The company has a debt-to-equity ratio of 1.96, a current ratio of 3.60 and a quick ratio of 3.34. The firm’s 50-day simple moving average is $283.31 and its 200-day simple moving average is $248.01.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Kentucky Retirement Systems lifted its holdings in shares of Enphase Energy by 17.4% during the 2nd quarter. Kentucky Retirement Systems now owns 10,022 shares of the semiconductor company’s stock worth $1,957,000 after acquiring an additional 1,485 shares during the period. Mackenzie Financial Corp raised its holdings in Enphase Energy by 21.6% in the second quarter. Mackenzie Financial Corp now owns 10,795 shares of the semiconductor company’s stock valued at $2,108,000 after buying an additional 1,920 shares during the period. CWM LLC raised its holdings in Enphase Energy by 51.1% in the second quarter. CWM LLC now owns 1,207 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 408 shares during the period. MetLife Investment Management LLC raised its holdings in Enphase Energy by 41.5% in the first quarter. MetLife Investment Management LLC now owns 42,188 shares of the semiconductor company’s stock valued at $8,513,000 after buying an additional 12,381 shares during the period. Finally, DAVENPORT & Co LLC raised its holdings in Enphase Energy by 361.4% in the second quarter. DAVENPORT & Co LLC now owns 10,318 shares of the semiconductor company’s stock valued at $2,014,000 after buying an additional 8,082 shares during the period. 71.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of recent analyst reports. Susquehanna Bancshares upped their price target on shares of Enphase Energy from $290.00 to $310.00 in a research note on Wednesday, October 26th. Needham & Company LLC upped their price target on shares of Enphase Energy from $275.00 to $335.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. Cowen upped their price target on shares of Enphase Energy from $278.00 to $335.00 in a research note on Wednesday, October 26th. Cowen upped their price target on shares of Enphase Energy from $278.00 to $335.00 in a research note on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enphase Energy in a research note on Monday, November 14th. They set a “buy” rating and a $330.00 price target on the stock. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Enphase Energy Company Profile

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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 services.

Further Reading

Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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