Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) CFO Mandy Yang acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares of the company's stock, valued at $6,564,305.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Enphase Energy Price Performance
Shares of NASDAQ ENPH opened at $106.06 on Friday. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $192.22. The business's 50 day moving average price is $116.67 and its 200 day moving average price is $111.41. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The firm has a market cap of $14.43 billion, a P/E ratio of 55.24, a P/E/G ratio of 3.76 and a beta of 1.50.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $327.06 million. On average, sell-side analysts expect that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Enphase Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company's stock worth $2,066,846,000 after buying an additional 192,854 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company's stock valued at $539,102,000 after buying an additional 4,078,723 shares during the period. Northern Trust Corp boosted its position in shares of Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company's stock worth $180,314,000 after purchasing an additional 3,940 shares during the period. Norges Bank purchased a new stake in shares of Enphase Energy in the 4th quarter valued at $149,425,000. Finally, Schroder Investment Management Group lifted its position in shares of Enphase Energy by 3.3% during the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company's stock worth $135,080,000 after purchasing an additional 35,681 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on ENPH. Roth Mkm reiterated a "buy" rating and set a $140.00 price target on shares of Enphase Energy in a report on Wednesday, April 24th. Mizuho dropped their target price 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. Piper Sandler restated a "neutral" rating and set a $111.00 price target (down from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th. Canaccord Genuity Group began coverage on Enphase Energy in a research note on Tuesday, January 16th. They issued a "buy" rating and a $142.00 price objective for the company. Finally, Royal Bank of Canada cut their target price on shares of Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Enphase Energy presently has an average rating of "Hold" and an average target price of $133.45.
View Our Latest Analysis on Enphase Energy
About Enphase Energy
(
Get Free Report)
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.
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