Steven J. Gomo Sells 20,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enphase Energy Stock Up 3.8 %

Shares of NASDAQ ENPH opened at $111.93 on Friday. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22. The firm’s 50 day moving average price is $117.82 and its 200 day moving average price is $111.85. The firm has a market cap of $15.23 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENPH. Canaccord Genuity Group began coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday. Roth Mkm restated a “buy” rating and issued a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, StockNews.com cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus target price of $137.41.

Institutional Trading of Enphase Energy

A number of hedge funds have recently bought and sold shares of the company. Donoghue Forlines LLC boosted its holdings in shares of Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 90 shares during the last quarter. Fermata Advisors LLC boosted its holdings in shares of Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after purchasing an additional 100 shares during the last quarter. Fulton Breakefield Broenniman LLC boosted its holdings in shares of Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after purchasing an additional 107 shares during the last quarter. VitalStone Financial LLC boosted its holdings in shares of Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 111 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Enphase Energy by 5.5% in the 3rd quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.