Enphase Energy (NASDAQ:ENPH) Given New $113.00 Price Target at BMO Capital Markets

Enphase Energy (NASDAQ:ENPH) had its target price cut by BMO Capital Markets from $118.00 to $113.00 in a research note released on Wednesday, Benzinga reports. They currently have a market perform rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. Oppenheimer boosted their price target on Enphase Energy from $133.00 to $134.00 and gave the company an outperform rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Jefferies Financial Group downgraded shares of Enphase Energy from a buy rating to a hold rating and reduced their price objective for the stock from $135.00 to $111.00 in a research note on Wednesday. Royal Bank of Canada initiated coverage on shares of Enphase Energy in a research note on Wednesday, February 14th. They issued an outperform rating and a $140.00 price objective for the company. Finally, TD Cowen boosted their price objective on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy has a consensus rating of Hold and a consensus target price of $137.41.

Enphase Energy Stock Up 3.8 %

Shares of NASDAQ ENPH opened at $111.93 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 3.17 and a beta of 1.47. The stock has a 50 day moving average price of $118.22 and a 200 day moving average price of $111.90. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Sell-side analysts expect that Enphase Energy will post 1.96 earnings per share for the current year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of Enphase Energy during the 4th quarter worth about $26,000. CVA Family Office LLC purchased a new stake in shares of Enphase Energy during the 4th quarter worth about $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy during the 1st quarter worth about $35,000. Parkside Financial Bank & Trust boosted its stake in shares of Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 176 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 133 shares in 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.