Enphase Energy (NASDAQ:ENPH) Given New $148.00 Price Target at Mizuho

Enphase Energy (NASDAQ:ENPH) had its price target reduced by investment analysts at Mizuho from $150.00 to $148.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Mizuho’s target price suggests a potential upside of 37.88% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Morgan Stanley upped their price objective on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. BMO Capital Markets increased their price target on Enphase Energy from $106.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. StockNews.com downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Roth Mkm reissued a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research report on Thursday. Finally, Barclays increased their price target on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Two research 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, Enphase Energy presently has a consensus rating of “Hold” and a consensus price target of $149.88.

Enphase Energy Trading Down 1.7 %

NASDAQ:ENPH traded down $1.83 during midday trading on Friday, hitting $107.34. 1,780,382 shares of the company traded hands, compared to its average volume of 4,042,085. The firm’s fifty day moving average is $120.17 and its 200-day moving average is $112.17. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $228.36. The firm has a market capitalization of $14.60 billion, a P/E ratio of 35.18, a P/E/G ratio of 3.10 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate 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 2.09 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s 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 sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 34,285 shares of company stock valued at $4,054,428. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Enphase Energy

A number of institutional investors have recently made changes to their positions in ENPH. Panagora Asset Management Inc. boosted its stake in shares of Enphase Energy by 42.5% in the first quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company’s stock worth $813,000 after acquiring an additional 1,201 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Enphase Energy in the first quarter worth approximately $249,000. Cibc World Market Inc. boosted its stake in shares of Enphase Energy by 219.1% in the first quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company’s stock worth $1,073,000 after acquiring an additional 3,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Enphase Energy by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company’s stock worth $80,436,000 after acquiring an additional 6,401 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Enphase Energy by 8.7% in the first quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company’s stock worth $457,000 after acquiring an additional 182 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

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.