Enphase Energy (NASDAQ:ENPH) Given a $53.00 Price Target by Mizuho Analysts

Enphase Energy (NASDAQ:ENPH - Get Free Report) received a $53.00 target price from research analysts at Mizuho in a report issued on Monday, MarketBeat Ratings reports. The firm currently has an "outperform" rating on the semiconductor company's stock. Mizuho's target price suggests a potential upside of 28.02% from the stock's current price.

ENPH has been the topic of several other reports. TD Cowen cut their target price on Enphase Energy from $78.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer set a $84.00 price objective on Enphase Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Citigroup reiterated a "sell" rating and issued a $47.00 target price on shares of Enphase Energy in a report on Thursday, April 17th. BMO Capital Markets restated an "underperform" rating and issued a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research note on Tuesday, May 13th. Finally, Redburn Atlantic began coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a "neutral" rating for the company. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and a consensus price target of $68.31.

Enphase Energy Price Performance

ENPH traded up $0.10 during trading on Monday, reaching $41.40. The stock had a trading volume of 2,927,188 shares, compared to its average volume of 4,462,846. The stock has a 50 day moving average of $48.14 and a two-hundred day moving average of $59.81. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.95 and a beta of 1.69. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy has a 1-year low of $37.59 and a 1-year high of $141.63.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. raised its holdings in Enphase Energy by 32.0% during the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the last quarter. Invesco Ltd. increased its position in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after acquiring an additional 1,378,978 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Enphase Energy by 9,236.6% in the 1st quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock valued at $41,483,000 after acquiring an additional 684,157 shares during the period. Worldquant Millennium Advisors LLC boosted its position in Enphase Energy by 531.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after purchasing an additional 678,163 shares during the period. Finally, Norges Bank bought a new position in shares of Enphase Energy during the fourth quarter worth approximately $46,339,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.