David A. Ranhoff Sells 5,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at $13,948,752.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enphase Energy Trading Down 2.6 %

Enphase Energy stock opened at $109.17 on Friday. The firm has a 50 day moving average of $120.17 and a 200 day moving average of $112.17. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 3.06 and a beta of 1.47. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $228.50. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. As a group, research analysts predict that Enphase Energy, Inc. will post 2.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENPH has been the topic of several analyst reports. Oppenheimer raised shares of Enphase Energy from a “market perform” rating to an “outperform” rating and set a $133.00 target price on the stock in a research note on Wednesday, February 7th. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Susquehanna reissued a “positive” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Friday, April 5th. Canaccord Genuity Group began coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, Roth Mkm reissued a “buy” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Thursday. Two 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.94.

Institutional Investors Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Enphase Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after purchasing an additional 192,854 shares during the period. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 387,343.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after acquiring an additional 4,078,723 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Enphase Energy by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 2,897,279 shares of the semiconductor company’s stock valued at $607,929,000 after acquiring an additional 51,092 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Enphase Energy by 1.0% during the 4th quarter. Voya Investment Management LLC now owns 2,524,721 shares of the semiconductor company’s stock valued at $333,617,000 after acquiring an additional 25,408 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after acquiring an additional 3,940 shares during the last quarter. 72.12% of the stock is 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.