Enphase Energy (NASDAQ:ENPH) PT Raised to $134.00 at Oppenheimer

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective increased by Oppenheimer from $133.00 to $134.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an outperform rating on the semiconductor company's stock.

A number of other research firms have also weighed in on ENPH. Truist Financial cut their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a buy rating on the stock in a research note on Tuesday. DZ Bank assumed coverage on shares of Enphase Energy in a report on Wednesday, April 17th. They set a hold rating and a $116.00 price target on the stock. Barclays increased their price target on shares of Enphase Energy from $106.00 to $115.00 and gave the stock an equal weight rating in a report on Thursday, February 8th. Guggenheim downgraded shares of Enphase Energy from a neutral rating to a sell rating and set a $92.00 price target on the stock. in a report on Wednesday. Finally, KeyCorp reissued a sector weight rating on shares of Enphase Energy in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Enphase Energy has an average rating of Hold and an average price target of $141.00.

Enphase Energy Stock Performance

Enphase Energy stock traded down $6.31 during mid-day trading on Wednesday, reaching $107.17. 10,880,365 shares of the company traded hands, compared to its average volume of 4,175,205. 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 has a fifty-two week low of $73.49 and a fifty-two week high of $228.36. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The firm's fifty day moving average is $119.28 and its two-hundred day moving average is $111.97.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, equities research analysts expect that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred 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 owns 119,948 shares in the company, valued at $13,948,752.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,655,171 shares of the company's stock, valued at approximately $199,514,312.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Monday, April 15th. The shares were sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the transaction, the executive vice president now owns 119,948 shares of the company's stock, valued at $13,948,752.92. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock valued at $4,054,428 over the last 90 days. Company insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On Enphase Energy

Several large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in Enphase Energy by 6.3% during the third quarter. CWM LLC now owns 4,040 shares of the semiconductor company's stock worth $485,000 after purchasing an additional 239 shares during the last quarter. AE Wealth Management LLC increased its holdings in Enphase Energy by 24.3% during the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company's stock valued at $1,795,000 after purchasing an additional 2,921 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in Enphase Energy by 108.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 325 shares during the period. Exchange Traded Concepts LLC increased its holdings in Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 820 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of Enphase Energy during the 3rd quarter worth approximately $259,000. 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.