Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $140.00 price target on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on ENPH. Truist Financial decreased their price objective on Enphase Energy from $145.00 to $130.00 and set a buy rating for the company in a report on Tuesday. Mizuho reduced their price target on Enphase Energy from $150.00 to $148.00 and set a buy rating for the company in a research report on Friday, April 19th. Royal Bank of Canada began coverage on Enphase Energy in a research report on Wednesday, February 14th. They set an outperform rating and a $140.00 price target for the company. Morgan Stanley boosted their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Finally, Piper Sandler reduced their price target on Enphase Energy from $120.00 to $117.00 and set a neutral rating for the company in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $137.41.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $111.93 on Wednesday. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $192.22. The business has a 50-day moving average of $118.22 and a 200-day moving average of $111.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. The company 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.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. On average, equities analysts anticipate that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was 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 owns 118,360 shares in the company, valued at approximately $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders have sold 54,285 shares of company stock worth $6,148,228 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently made changes to their positions in the business. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth about $26,000. CVA Family Office LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth about $31,000. YHB Investment Advisors Inc. acquired a new position in shares of Enphase Energy during the 1st quarter worth about $35,000. Parkside Financial Bank & Trust lifted its position 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 purchasing an additional 176 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Enphase Energy by 1,447.6% during the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds 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.