Enphase Energy (NASDAQ:ENPH) PT Lowered to $147.00

Enphase Energy (NASDAQ:ENPH - Free Report) had its target price cut by Craig Hallum from $159.00 to $147.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

Several other analysts have also weighed in on ENPH. TD Cowen boosted their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the company a buy rating in a research note on Wednesday. BMO Capital Markets lowered their target price on shares of Enphase Energy from $118.00 to $113.00 and set a market perform rating for the company in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Barclays boosted their target price on shares of Enphase Energy from $106.00 to $115.00 and gave the company an equal weight rating in a research note on Thursday, February 8th. Finally, Mizuho lowered their target price on shares of Enphase Energy from $150.00 to $148.00 and set a buy rating for the company in a research note on Friday, April 19th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $141.00.

Enphase Energy Trading Down 5.6 %

Enphase Energy stock traded down $6.31 during trading on Wednesday, reaching $107.17. The company had a trading volume of 10,880,365 shares, compared to its average volume of 4,175,205. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $228.36. The stock's 50 day moving average price is $119.28 and its two-hundred day moving average price is $111.97. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.16 and a beta of 1.47.

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 (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. As a group, equities analysts expect that Enphase Energy will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company's stock, valued at $13,605,587.72. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock worth $4,054,428 over the last 90 days. Insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of Enphase Energy during the fourth quarter valued at $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust lifted its holdings in shares of Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 176 shares during the period. Covestor Ltd lifted its holdings in shares of Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 133 shares during the period. Finally, Addison Advisors LLC lifted its holdings in shares of Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 304 shares during the period. 72.12% of the stock is owned by institutional investors.

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.