Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $113.00 at BMO Capital Markets

Enphase Energy (NASDAQ:ENPH) had its price target reduced by investment analysts at BMO Capital Markets from $118.00 to $113.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the semiconductor company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 4.79% from the company’s current price.

ENPH has been the topic of several other reports. KeyCorp reaffirmed a “sector weight” rating on shares of Enphase Energy in a report on Thursday, January 4th. Susquehanna reaffirmed a “positive” rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Friday, April 5th. StockNews.com downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Canaccord Genuity Group started coverage on Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price target for the company. Finally, Royal Bank of Canada initiated coverage on shares of Enphase Energy in a research report on Wednesday, February 14th. They set an “outperform” rating and a $140.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.00.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $107.83 on Wednesday. The stock has a market capitalization of $14.66 billion, a PE ratio of 56.16, a P/E/G ratio of 3.24 and a beta of 1.47. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $192.22. The business has a 50 day simple moving average of $118.79 and a two-hundred day simple moving average of $111.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19.

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

Insider Transactions at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the sale, the executive vice president now owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following 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 available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at $13,948,752.92. The disclosure for this sale can be found here. In the last three months, insiders sold 34,285 shares of company stock valued at $4,054,428. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Enphase Energy by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after buying an additional 192,854 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after purchasing an additional 4,078,723 shares during the last quarter. Northern Trust Corp boosted its stake in Enphase Energy by 0.3% in the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after purchasing an additional 3,940 shares in the last quarter. Norges Bank acquired a new stake in Enphase Energy in the 4th quarter worth approximately $149,425,000. Finally, Schroder Investment Management Group grew its position in Enphase Energy by 3.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock worth $135,080,000 after purchasing an additional 35,681 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.