Stock Traders Purchase Large Volume of Enphase Energy Call Options (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 45,843 call options on the company. This is an increase of 37% compared to the typical volume of 33,462 call options.

Insiders Place Their Bets

In related news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ENPH. Tokio Marine Asset Management Co. Ltd. raised its holdings in Enphase Energy by 12.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,719 shares of the semiconductor company's stock valued at $324,000 after buying an additional 540 shares during the period. Golden State Equity Partners raised its stake in shares of Enphase Energy by 1,123.3% during the fourth quarter. Golden State Equity Partners now owns 3,156 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 2,898 shares during the period. Tempus Wealth Planning LLC purchased a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $224,000. Redwood Wealth Management Group LLC raised its stake in shares of Enphase Energy by 12.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,067 shares of the semiconductor company's stock valued at $348,000 after purchasing an additional 579 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Enphase Energy by 3,836.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 276,345 shares of the semiconductor company's stock valued at $18,979,000 after purchasing an additional 269,325 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of a number of analyst reports. Barclays downgraded Enphase Energy from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $51.00 to $40.00 in a research report on Tuesday, May 13th. BNP Paribas downgraded Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. DZ Bank downgraded Enphase Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd. Redburn Atlantic began coverage on Enphase Energy in a report on Monday, March 3rd. They issued a "neutral" rating for the company. Finally, Jefferies Financial Group reduced their price objective on Enphase Energy from $44.00 to $37.00 and set an "underperform" rating for the company in a research note on Wednesday, April 23rd. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average target price of $68.31.

Enphase Energy Trading Down 2.9%

Shares of ENPH traded down $1.25 during mid-day trading on Thursday, hitting $41.91. The company had a trading volume of 2,512,927 shares, compared to its average volume of 5,217,111. The business's 50-day simple moving average is $48.55 and its 200-day simple moving average is $59.96. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy has a 1-year low of $37.59 and a 1-year high of $141.63. The stock has a market cap of $5.50 billion, a PE ratio of 56.64 and a beta of 1.80.

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.