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

Enphase Energy (NASDAQ:ENPH) had its price objective cut by Mizuho from $150.00 to $148.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research analysts have also recently issued reports on ENPH. 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 note on Wednesday, February 7th. DZ Bank started coverage on Enphase Energy in a research note on Wednesday, April 17th. They issued a hold rating and a $116.00 price objective for the company. Canaccord Genuity Group began coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a buy rating and a $142.00 price target for the company. Truist Financial raised Enphase Energy from a hold rating to a buy rating and increased their price objective for the company from $85.00 to $145.00 in a report on Tuesday, January 23rd. Finally, KeyCorp reissued a sector weight rating on shares of Enphase Energy in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $147.84.

Enphase Energy Stock Up 3.8 %

NASDAQ ENPH opened at $110.51 on Friday. The stock has a market cap of $15.03 billion, a PE ratio of 36.11, a P/E/G ratio of 3.07 and a beta of 1.47. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $228.36. The business has a 50 day moving average price of $119.48 and a two-hundred day moving average price of $112.01. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results 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 company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, sell-side analysts predict that Enphase Energy will post 2.01 EPS for the current fiscal year.

Insider Activity at Enphase Energy

In related 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 sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Enphase Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in Enphase Energy in the 4th quarter valued at about $26,000. Geneos Wealth Management Inc. lifted its stake in Enphase Energy by 68.0% in the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC purchased a new position in Enphase Energy in the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its stake in Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 133 shares in the last quarter. 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.