Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff Sells 7,500 Shares

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) EVP David A. Ranhoff sold 7,500 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $303.43, for a total transaction of $2,275,725.00. Following the sale, the executive vice president now owns 85,402 shares of the company’s stock, valued at $25,913,528.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Enphase Energy Price Performance

Shares of ENPH opened at $315.78 on Thursday. Enphase Energy, Inc. has a fifty-two week low of $113.40 and a fifty-two week high of $324.84. The firm’s 50 day moving average price is $283.23 and its 200 day moving average price is $247.54. The company has a market cap of $42.92 billion, a P/E ratio of 151.82, a PEG ratio of 2.20 and a beta of 1.43. The company has a quick ratio of 3.34, a current ratio of 3.60 and a debt-to-equity ratio of 1.96.

Institutional Investors Weigh In On Enphase Energy

Large investors have recently added to or reduced their stakes in the business. Kentucky Retirement Systems increased its position in shares of Enphase Energy by 17.4% in the 2nd quarter. Kentucky Retirement Systems now owns 10,022 shares of the semiconductor company’s stock valued at $1,957,000 after purchasing an additional 1,485 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Enphase Energy by 21.6% in the 2nd quarter. Mackenzie Financial Corp now owns 10,795 shares of the semiconductor company’s stock valued at $2,108,000 after purchasing an additional 1,920 shares during the last quarter. CWM LLC increased its position in shares of Enphase Energy by 51.1% in the 2nd quarter. CWM LLC now owns 1,207 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 408 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Enphase Energy by 41.5% in the 1st quarter. MetLife Investment Management LLC now owns 42,188 shares of the semiconductor company’s stock valued at $8,513,000 after purchasing an additional 12,381 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Enphase Energy by 361.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 10,318 shares of the semiconductor company’s stock valued at $2,014,000 after purchasing an additional 8,082 shares during the last quarter. 71.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENPH. Guggenheim lowered Enphase Energy from a “buy” rating to a “neutral” rating in a research note on Friday, September 9th. KeyCorp upped their target price on shares of Enphase Energy from $230.00 to $363.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Wells Fargo & Company upped their target price on shares of Enphase Energy from $302.00 to $344.00 and gave the company an “overweight” rating in a research report on Friday, October 28th. Oppenheimer increased their price objective on shares of Enphase Energy to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Susquehanna Bancshares raised their target price on shares of Enphase Energy from $290.00 to $310.00 in a research report on Wednesday, October 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Enphase Energy Company Profile

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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 services.

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