Enphase Energy (NASDAQ:ENPH) Price Target Raised to $134.00 at Oppenheimer

Enphase Energy (NASDAQ:ENPH) had its price target hoisted by Oppenheimer from $133.00 to $134.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on ENPH. KeyCorp restated a sector weight rating on shares of Enphase Energy in a research report on Thursday, January 4th. BMO Capital Markets increased their target price on Enphase Energy from $106.00 to $110.00 and gave the stock a market perform rating in a research report on Wednesday, February 7th. TD Cowen increased their target price on Enphase Energy from $140.00 to $145.00 and gave the stock a buy rating in a research report on Wednesday. Morgan Stanley increased their target price 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. 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 report on Wednesday. Three 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 stock. According to data from MarketBeat, Enphase Energy presently has an average rating of Hold and an average price target of $137.41.

Enphase Energy Price Performance

Enphase Energy stock opened at $111.93 on Wednesday. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $192.22. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The business’s 50 day simple moving average is $118.22 and its 200 day simple moving average is $111.90. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Sell-side analysts forecast that Enphase Energy will post 1.96 EPS for the current year.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The disclosure for this purchase can be found here. Insiders have sold 54,285 shares of company stock valued at $6,148,228 over the last ninety days. 3.40% of the stock is owned by insiders.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Donoghue Forlines LLC lifted its holdings in Enphase Energy by 4.8% in the fourth quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after buying an additional 90 shares during the period. Fermata Advisors LLC boosted its position in shares of Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 100 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its position in shares of Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after purchasing an additional 107 shares in the last quarter. VitalStone Financial LLC lifted its position in Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 111 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in Enphase Energy by 5.5% in the 3rd quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 131 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.