Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $148.00 at Mizuho

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective trimmed by Mizuho from $150.00 to $148.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company's stock.

ENPH has been the topic of several other research reports. Piper Sandler lowered their price objective on Enphase Energy from $120.00 to $117.00 and set a neutral rating on the stock in a research report on Friday, January 12th. KeyCorp restated a sector weight rating on shares of Enphase Energy in a research report on Thursday, January 4th. Citigroup cut shares of Enphase Energy from a buy rating to a neutral rating and cut their price objective for the company from $126.00 to $121.00 in a report on Friday, April 5th. Truist Financial raised shares of Enphase Energy from a hold rating to a buy rating and increased their target price for the stock from $85.00 to $145.00 in a research note on Tuesday, January 23rd. Finally, Morgan Stanley raised their target price on Enphase Energy from $97.00 to $106.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $149.88.

Enphase Energy Stock Performance

NASDAQ ENPH traded down $2.69 on Friday, reaching $106.48. 3,457,031 shares of the company's stock traded hands, compared to its average volume of 4,065,562. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $228.36. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.10 and a beta of 1.47. The stock has a 50 day moving average price of $119.85 and a 200-day moving average price of $112.10.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The business had revenue of $302.57 million during the quarter, compared to analysts' expectations of $327.06 million. Equities research analysts predict that Enphase Energy will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other news, 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 completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were bought 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 directly owns 1,655,171 shares of the company's stock, valued at approximately $199,514,312.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the business'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 completion of the sale, the director now directly owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. Insiders have sold 34,285 shares of company stock worth $4,054,428 in the last ninety days. 3.40% of the stock is owned by insiders.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company's stock worth $1,603,000 after purchasing an additional 48 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Enphase Energy by 1.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company's stock worth $852,000 after buying an additional 72 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Enphase Energy by 7.8% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company's stock valued at $251,000 after buying an additional 80 shares during the period. KB Financial Partners LLC grew its stake in shares of Enphase Energy by 39.8% in the second quarter. KB Financial Partners LLC now owns 309 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 88 shares in the last quarter. Finally, Donoghue Forlines LLC increased its position in shares of Enphase Energy by 4.8% during the fourth quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company's stock worth $258,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

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.