Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $65.00 at Mizuho

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective cut by Mizuho from $81.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company's stock.

Other research analysts have also recently issued research reports about the stock. Susquehanna dropped their price objective on shares of Enphase Energy from $76.00 to $59.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays decreased their price target on Enphase Energy from $86.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price on the stock in a research report on Friday, January 31st. Jefferies Financial Group lowered their price target on shares of Enphase Energy from $54.00 to $44.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Finally, Truist Financial restated a "hold" rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $70.54.

Enphase Energy Price Performance

Enphase Energy stock traded up $1.08 on Tuesday, reaching $46.83. The company's stock had a trading volume of 4,625,125 shares, compared to its average volume of 4,030,883. The business's fifty day moving average price is $57.84 and its 200 day moving average price is $67.02. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. Enphase Energy has a twelve month low of $44.83 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts expect that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Prakash Investment Advisors LLC boosted its holdings in shares of Enphase Energy by 75.7% in the 1st quarter. Prakash Investment Advisors LLC now owns 13,000 shares of the semiconductor company's stock valued at $807,000 after buying an additional 5,600 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Enphase Energy by 523.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,401 shares of the semiconductor company's stock worth $4,205,000 after acquiring an additional 56,586 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Enphase Energy in the first quarter valued at $1,382,000. Oppenheimer & Co. Inc. grew its position in shares of Enphase Energy by 94.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 20,703 shares of the semiconductor company's stock valued at $1,285,000 after acquiring an additional 10,041 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Enphase Energy by 38.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,188 shares of the semiconductor company's stock valued at $1,129,000 after purchasing an additional 5,070 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

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.