Enphase Energy (NASDAQ:ENPH) Earns “Buy” Rating from Roth Mkm

Enphase Energy (NASDAQ:ENPH)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $140.00 price objective on the semiconductor company’s stock. Roth Mkm’s price objective suggests a potential upside of 29.83% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on ENPH. Oppenheimer raised their target price on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays raised their target price on shares of Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. BMO Capital Markets raised their target price on shares of Enphase Energy from $106.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price on the stock. in a report on Wednesday. Finally, Truist Financial decreased their price target on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy has an average rating of “Hold” and an average target price of $141.00.

Enphase Energy Trading Up 0.6 %

NASDAQ:ENPH opened at $107.83 on Wednesday. The company’s 50 day moving average price is $118.79 and its 200-day moving average price is $111.93. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $192.22. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 53.47, a PEG ratio of 3.24 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. The firm had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. On average, equities research analysts forecast that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,285 shares of company stock valued at $4,054,428. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Donoghue Forlines LLC boosted its stake in shares of Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after purchasing an additional 90 shares during the period. Fermata Advisors LLC boosted its stake in shares of Enphase Energy by 1.4% during the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 100 shares during the period. Fulton Breakefield Broenniman LLC boosted its stake in shares of Enphase Energy by 0.9% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after purchasing an additional 107 shares during the period. VitalStone Financial LLC boosted its stake in shares of Enphase Energy by 14.3% during the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 111 shares during the period. Finally, E Fund Management Co. Ltd. boosted its stake in shares of Enphase Energy by 5.5% during the 3rd quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 131 shares during the period. 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.