Enphase Energy (NASDAQ:ENPH) Upgraded to "Overweight" by Barclays

Barclays upgraded shares of Enphase Energy (NASDAQ:ENPH - Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Friday morning, MarketBeat.com reports. Barclays currently has $134.00 price objective on the semiconductor company's stock, up from their prior price objective of $115.00.

A number of other research firms have also recently weighed in on ENPH. Royal Bank of Canada lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an outperform rating on the stock in a research report on Wednesday. DZ Bank assumed coverage on Enphase Energy in a research note on Wednesday, April 17th. They set a hold rating and a $116.00 target price on the stock. Canaccord Genuity Group assumed coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a buy rating and a $142.00 target price on the stock. Craig Hallum decreased their target price on Enphase Energy from $159.00 to $147.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Guggenheim downgraded Enphase Energy from a neutral rating to a sell rating and set a $92.00 target price on the stock. in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy currently has a consensus rating of Hold and a consensus target price of $141.58.

Enphase Energy Stock Performance

NASDAQ:ENPH traded up $4.10 on Friday, hitting $111.93. The stock had a trading volume of 5,824,204 shares, compared to its average volume of 4,236,534. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The business's 50-day simple moving average is $118.22 and its two-hundred day simple moving average is $111.90.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million for the quarter, compared to analysts' expectations of $327.06 million. As a group, research analysts predict that Enphase Energy will post 1.95 earnings per share for the current year.

Insider Activity at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was 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 in the company, valued at approximately $13,605,587.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 20,000 shares of the company's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the sale, the director now owns 118,360 shares of the company's stock, valued at $12,391,108.40. The disclosure for this sale can be found here. Insiders sold a total of 54,285 shares of company stock worth $6,148,228 in the last quarter. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Donoghue Forlines LLC increased its holdings in shares of Enphase Energy by 4.8% in the fourth quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company's stock valued at $258,000 after purchasing an additional 90 shares during the period. Fermata Advisors LLC boosted its stake in shares of Enphase Energy by 1.4% in the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company's stock worth $855,000 after buying an additional 100 shares during the last quarter. Fulton Breakefield Broenniman LLC boosted its stake in shares of Enphase Energy by 0.9% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company's stock worth $1,505,000 after buying an additional 107 shares during the last quarter. VitalStone Financial LLC boosted its stake in shares of Enphase Energy by 14.3% in the fourth quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company's stock worth $117,000 after buying an additional 111 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in shares of Enphase Energy by 5.5% in the third quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company's stock worth $303,000 after buying an additional 131 shares during the last quarter. 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.