Enphase Energy (NASDAQ:ENPH) PT Lowered to $148.00 at Mizuho

Enphase Energy (NASDAQ:ENPH) had its price target trimmed by Mizuho from $150.00 to $148.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on ENPH. Citigroup lowered Enphase Energy from a buy rating to a neutral rating and lowered their price objective for the company from $126.00 to $121.00 in a research note on Friday, April 5th. KeyCorp reissued a sector weight rating on shares of Enphase Energy in a research report on Thursday, January 4th. Piper Sandler cut their price target on shares of Enphase Energy from $120.00 to $117.00 and set a neutral rating on the stock in a report on Friday, January 12th. Royal Bank of Canada assumed coverage on shares of Enphase Energy in a research note on Wednesday, February 14th. They set an outperform rating and a $140.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $149.88.

Enphase Energy Trading Down 2.5 %

NASDAQ ENPH opened at $106.48 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. Enphase Energy has a one year low of $73.49 and a one year high of $228.36. The company’s 50 day moving average price is $119.85 and its 200 day moving average price is $112.05. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.95 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. On average, sell-side analysts predict that Enphase Energy will post 2.01 EPS for the current year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock valued at $4,054,428 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in Enphase Energy by 42.5% in the 1st quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 1,201 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $249,000. Cibc World Market Inc. raised its position in Enphase Energy by 219.1% in the 1st quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after purchasing an additional 3,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Enphase Energy by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock worth $80,436,000 after buying an additional 6,401 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in Enphase Energy by 8.7% in the 1st quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock valued at $457,000 after buying an additional 182 shares during the last quarter. 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.