Enphase Energy’s (ENPH) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Enphase Energy (NASDAQ:ENPH) in a report released on Wednesday morning, Benzinga reports. They currently have a $115.00 target price on the semiconductor company’s stock, up from their prior target price of $111.00.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley lifted their target price on shares of Enphase Energy from $98.00 to $100.00 and gave the stock an equal weight rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on Enphase Energy from $124.00 to $130.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. Roth Mkm reaffirmed a buy rating and set a $140.00 target price on shares of Enphase Energy in a research report on Wednesday, July 24th. Canaccord Genuity Group cut their price target on shares of Enphase Energy from $150.00 to $140.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group decreased their price objective on shares of Enphase Energy from $150.00 to $140.00 and set a buy rating for the company in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $128.89.

Enphase Energy Stock Up 0.2 %

ENPH stock opened at $113.11 on Wednesday. The firm has a market capitalization of $15.39 billion, a PE ratio of 58.91, a P/E/G ratio of 6.22 and a beta of 1.71. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $141.63. The stock’s 50 day moving average is $111.01 and its 200-day moving average is $115.65.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. During the same quarter last year, the business posted $1.16 earnings per share. Enphase Energy’s revenue was down 57.3% on a year-over-year basis. Sell-side analysts expect that Enphase Energy will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares in the company, valued at approximately $13,306,133.61. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP bought a new position in Enphase Energy in the fourth quarter valued at $41,068,000. Northern Trust Corp raised its holdings 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 buying an additional 3,940 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Enphase Energy by 48.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $10,658,000 after buying an additional 29,013 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Enphase Energy by 364.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 108,674 shares of the semiconductor company’s stock worth $13,147,000 after buying an additional 85,284 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Enphase Energy by 279.6% during the first quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock valued at $2,934,000 after acquiring an additional 17,861 shares during the last quarter. Hedge funds and other institutional investors 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.