Enphase Energy (NASDAQ:ENPH) Stock Rating Lowered by Morgan Stanley

Morgan Stanley lowered shares of Enphase Energy (NASDAQ:ENPH - Free Report) from an equal weight rating to an underweight rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has $36.00 target price on the semiconductor company's stock.

A number of other analysts have also recently commented on ENPH. BMO Capital Markets dropped their price target on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Susquehanna dropped their target price on Enphase Energy from $76.00 to $59.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial reaffirmed a "hold" rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Craig Hallum reduced their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, Redburn Atlantic began coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a "neutral" rating on the stock. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $70.54.

Enphase Energy Stock Up 2.4 %

Shares of NASDAQ ENPH traded up $1.08 during mid-day trading on Wednesday, hitting $46.83. 4,625,125 shares of the stock traded hands, compared to its average volume of 4,038,068. The stock has a fifty day moving average price of $57.84 and a 200-day moving average price of $67.29. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. Enphase Energy has a 52 week low of $44.83 and a 52 week high of $141.63.

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

Insiders Place Their Bets

In other Enphase Energy 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 sale, the director now directly owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now 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. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Enphase Energy by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock valued at $1,135,707,000 after buying an additional 44,782 shares during the last quarter. Baillie Gifford & Co. grew its stake in Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after acquiring an additional 2,028,691 shares in the last quarter. Invesco Ltd. increased its holdings in Enphase Energy by 43.4% in the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after acquiring an additional 1,378,978 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $234,994,000 after purchasing an additional 47,593 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other 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.