Enphase Energy (NASDAQ:ENPH) Sees Unusually-High Trading Volume on Analyst Upgrade

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) shares saw unusually-strong trading volume on Wednesday after Oppenheimer raised their price target on the stock from $133.00 to $134.00. Oppenheimer currently has an outperform rating on the stock. Approximately 4,071,801 shares traded hands during mid-day trading, a decline of 0% from the previous session's volume of 4,077,532 shares.The stock last traded at $116.39 and had previously closed at $113.48.

A number of other research analysts also recently commented on the company. Susquehanna reissued a "positive" rating and issued a $140.00 price target on shares of Enphase Energy in a report on Friday, April 5th. KeyCorp reaffirmed a "sector weight" rating on shares of Enphase Energy in a report on Thursday, January 4th. Roth Mkm reiterated a "buy" rating and set a $140.00 price target on shares of Enphase Energy in a research report on Thursday, April 18th. Citigroup cut Enphase Energy from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Finally, Morgan Stanley increased their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Three investment 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $141.00.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 3,126 shares of the company's stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard Mora sold 24,285 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 3,126 shares of the company's stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold a total of 34,285 shares of company stock valued at $4,054,428 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently modified their holdings of ENPH. CWM LLC boosted its position in shares of Enphase Energy by 6.3% in the third quarter. CWM LLC now owns 4,040 shares of the semiconductor company's stock worth $485,000 after buying an additional 239 shares during the period. AE Wealth Management LLC boosted its position in shares of Enphase Energy by 24.3% in the third quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company's stock worth $1,795,000 after buying an additional 2,921 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Enphase Energy by 68.0% in the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company's stock worth $30,000 after buying an additional 102 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Enphase Energy by 108.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company's stock worth $75,000 after buying an additional 325 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Enphase Energy by 155.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company's stock worth $162,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy Trading Down 5.6 %

The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 35.02, a PEG 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 company has a 50-day moving average price of $119.28 and a 200 day moving average price of $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 (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analysts' expectations of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, research analysts anticipate that Enphase Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

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.