Enphase Energy, Inc. (NASDAQ:ENPH) EVP Sells $616,350.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPHGet Free Report) EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the transaction, the executive vice president now owns 107,943 shares in the company, valued at $13,306,133.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Enphase Energy Trading Down 1.5 %

NASDAQ:ENPH opened at $119.01 on Thursday. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The company’s 50-day simple moving average is $118.17 and its 200 day simple moving average is $118.06. The firm has a market capitalization of $16.19 billion, a P/E ratio of 61.98, a PEG ratio of 4.65 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPHGet Free Report) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The firm had revenue of $263.34 million during the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. As a group, analysts forecast that Enphase Energy, Inc. will post 1.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENPH. Baillie Gifford & Co. raised its holdings in Enphase Energy by 387,343.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after buying an additional 4,078,723 shares during the last quarter. Swedbank AB purchased a new position in Enphase Energy in the first quarter worth about $424,130,000. Norges Bank purchased a new position in shares of Enphase Energy during the fourth quarter valued at approximately $149,425,000. Nordea Investment Management AB raised its holdings in shares of Enphase Energy by 158.8% during the fourth quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after purchasing an additional 501,385 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $59,128,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ENPH. Wells Fargo & Company dropped their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets dropped their price target on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price on the stock. in a research report on Wednesday, April 24th. Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. Finally, Susquehanna reiterated a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a report on Friday, April 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy has an average rating of “Hold” and an average target price of $136.68.

View Our Latest Stock Analysis on Enphase Energy

Enphase Energy Company Profile

(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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Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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