Enphase Energy (NASDAQ:ENPH) Downgraded by Jefferies Financial Group

Enphase Energy (NASDAQ:ENPH - Get Free Report) was downgraded by equities researchers at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a $111.00 target price on the semiconductor company's stock, down from their previous target price of $135.00. Jefferies Financial Group's price target would indicate a potential upside of 3.57% from the company's current price.

Several other research firms have also recently commented on ENPH. Canaccord Genuity Group lowered their target price on shares of Enphase Energy from $132.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday. B. Riley raised their price objective on shares of Enphase Energy from $121.00 to $149.00 and gave the company a "buy" rating in a research report on Monday. DZ Bank initiated coverage on shares of Enphase Energy in a research report on Wednesday, April 17th. They set a "hold" rating and a $116.00 price objective for the company. TD Cowen raised their price objective on shares of Enphase Energy from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, KeyCorp restated a "sector weight" rating on shares of Enphase Energy in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $141.00.

Enphase Energy Price Performance

Enphase Energy stock traded down $6.31 during trading hours on Wednesday, hitting $107.17. 10,880,365 shares of the company traded hands, compared to its average volume of 4,175,205. The firm has a market cap of $14.57 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.16 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. The firm's 50-day simple moving average is $119.28 and its two-hundred day simple moving average is $111.97. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $228.36.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to analysts' expectations of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. As a group, analysts forecast that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Mora sold 24,285 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,285 shares of company stock valued at $4,054,428. 3.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors have recently modified their holdings of the company. TriaGen Wealth Management LLC raised its position in shares of Enphase Energy by 4.0% in the first quarter. TriaGen Wealth Management LLC now owns 6,293 shares of the semiconductor company's stock valued at $761,000 after purchasing an additional 241 shares during the period. United Asset Strategies Inc. raised its position in shares of Enphase Energy by 2.3% in the first quarter. United Asset Strategies Inc. now owns 6,346 shares of the semiconductor company's stock valued at $768,000 after purchasing an additional 141 shares during the period. Fifth Third Bancorp raised its position in shares of Enphase Energy by 67.5% in the first quarter. Fifth Third Bancorp now owns 5,171 shares of the semiconductor company's stock valued at $626,000 after purchasing an additional 2,083 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Enphase Energy by 2.7% in the first quarter. Mount Vernon Associates Inc. MD now owns 10,225 shares of the semiconductor company's stock valued at $1,237,000 after purchasing an additional 270 shares during the period. Finally, PFG Investments LLC grew its stake in shares of Enphase Energy by 80.7% in the first quarter. PFG Investments LLC now owns 18,382 shares of the semiconductor company's stock worth $2,224,000 after acquiring an additional 8,208 shares during the last quarter. 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.