Enphase Energy (NASDAQ:ENPH) Stock Rating Upgraded by Barclays

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

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Enphase Energy from a hold rating to a sell rating in a research report on Wednesday, February 7th. DZ Bank started coverage on shares of Enphase Energy in a research report on Wednesday, April 17th. They issued a hold rating and a $116.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of Enphase Energy from $141.00 to $128.00 and set an overweight rating for the company in a research note on Wednesday. Canaccord Genuity Group lowered their target price on shares of Enphase Energy from $132.00 to $130.00 and set a buy rating for the company in a research note on Wednesday. Finally, TD Cowen lifted their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $137.41.

Enphase Energy Trading Up 3.8 %

NASDAQ ENPH opened at $111.93 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47. The company’s 50-day simple moving average is $118.22 and its two-hundred day simple moving average is $111.90. Enphase Energy has a one year low of $73.49 and a one year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Equities analysts forecast that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price 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 in the company, valued at $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price 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 in the company, valued at $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enphase Energy

A number of large investors have recently modified their holdings of ENPH. Exchange Traded Concepts LLC grew its holdings in shares of Enphase Energy by 155.0% during 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 in the last quarter. Oak Thistle LLC purchased a new stake in shares of Enphase Energy in the third quarter valued at about $259,000. Czech National Bank grew its holdings in shares of Enphase Energy by 47.1% in the third quarter. Czech National Bank now owns 23,858 shares of the semiconductor company’s stock valued at $2,867,000 after purchasing an additional 7,635 shares during the period. Northcape Capital Pty Ltd grew its holdings in shares of Enphase Energy by 44.3% in the third quarter. Northcape Capital Pty Ltd now owns 7,663 shares of the semiconductor company’s stock valued at $921,000 after purchasing an additional 2,353 shares during the period. Finally, Linden Thomas Advisory Services LLC purchased a new stake in shares of Enphase Energy in the third quarter valued at about $792,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.