Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) PT at $90.36

Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) have received a consensus rating of "Hold" from the thirty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $90.36.

ENPH has been the topic of several analyst reports. Susquehanna lowered their target price on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley lowered their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer upped their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Piper Sandler lowered their target price on shares of Enphase Energy from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays reduced their price target on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th.

Enphase Energy Stock Performance

Shares of ENPH traded up $0.13 during midday trading on Friday, hitting $62.52. 2,068,247 shares of the stock traded hands, compared to its average volume of 3,957,465. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy has a 1-year low of $51.63 and a 1-year high of $141.63. The business's 50 day moving average price is $62.23 and its two-hundred day moving average price is $74.70. The firm has a market capitalization of $8.28 billion, a PE ratio of 84.49 and a beta of 2.12.

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Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts predict that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares in the company, 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. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Enphase Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock worth $1,135,707,000 after purchasing an additional 44,782 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Enphase Energy by 43.4% during the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after buying an additional 1,378,978 shares during the period. Geode Capital Management LLC grew its stake in Enphase Energy by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company's stock valued at $234,994,000 after buying an additional 47,593 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock worth $265,609,000 after acquiring an additional 142,491 shares during the period. Institutional investors own 72.12% of the company's stock.

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.