Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Jefferies Financial Group

Enphase Energy (NASDAQ:ENPH - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Benzinga reports. They presently have a $115.00 price objective on the semiconductor company's stock, up from their prior price objective of $111.00. Jefferies Financial Group's target price suggests a potential upside of 1.67% from the company's current price.

ENPH has been the subject of several other research reports. Glj Research started coverage on shares of Enphase Energy in a report on Tuesday, June 25th. They set a "sell" rating and a $45.82 target price on the stock. Bank of America dropped their price objective on shares of Enphase Energy from $71.00 to $70.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 17th. Roth Mkm restated a "buy" rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. BNP Paribas raised Enphase Energy from a "neutral" rating to an "outperform" rating and upped their target price for the company from $120.00 to $144.00 in a report on Wednesday, August 7th. Finally, Barclays cut their price target on Enphase Energy from $131.00 to $129.00 and set an "overweight" rating on the stock in a report on Thursday, July 25th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, Enphase Energy currently has an average rating of "Hold" and an average target price of $128.89.

Enphase Energy Stock Up 0.2 %

Shares of ENPH traded up $0.20 during midday trading on Wednesday, hitting $113.11. The company had a trading volume of 1,363,055 shares, compared to its average volume of 3,918,929. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 58.91, a PEG ratio of 6.22 and a beta of 1.71. The company's 50 day moving average price is $111.01 and its 200 day moving average price is $115.65. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million during the quarter, compared to the consensus estimate of $309.73 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm's quarterly revenue was down 57.3% compared to the same quarter last year. On average, equities research analysts predict that Enphase Energy will post 1.23 EPS for the current year.

Insider Buying and Selling

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares of the company's stock, valued at $13,306,133.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors have recently bought and sold shares of the stock. Swedbank AB acquired a new position in shares of Enphase Energy in the first quarter worth about $424,130,000. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company's stock valued at $626,683,000 after acquiring an additional 2,304,408 shares in the last quarter. Norges Bank acquired a new position in Enphase Energy in the 4th quarter worth approximately $149,425,000. Electron Capital Partners LLC grew its position in Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company's stock worth $118,028,000 after purchasing an additional 1,078,154 shares in the last quarter. Finally, Anomaly Capital Management LP acquired a new stake in Enphase Energy during the 2nd quarter valued at $51,582,000. Hedge funds and other 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.