Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang Buys 4,000 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $104.24 per share, with a total value of $416,960.00. Following the completion of the transaction, the chief financial officer now owns 62,973 shares in the company, valued at $6,564,305.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Enphase Energy Price Performance

Enphase Energy stock traded up $0.90 during mid-day trading on Thursday, hitting $106.06. 4,239,523 shares of the company traded hands, compared to its average volume of 4,207,607. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 54.77, a price-to-earnings-growth ratio of 3.89 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The stock has a fifty day moving average price of $116.67 and a 200-day moving average price of $111.41.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results 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 net margin of 15.10% and a return on equity of 31.89%. The business had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. On average, equities analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets dropped their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Canaccord Genuity Group dropped their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a research report on Wednesday, April 24th. TD Cowen increased their target price on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company dropped their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Three investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $133.45.

Institutional Investors Weigh In On Enphase Energy

Several hedge funds have recently bought and sold shares of the stock. Donoghue Forlines LLC lifted its position in Enphase Energy by 4.8% during the fourth quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 90 shares during the last quarter. Fermata Advisors LLC lifted its holdings in shares of Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after acquiring an additional 100 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of Enphase Energy by 3.3% in the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 100 shares during the last quarter. Fulton Breakefield Broenniman LLC lifted its holdings in shares of Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after acquiring an additional 107 shares during the last quarter. Finally, VitalStone Financial LLC lifted its holdings in shares of Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 111 shares during the last quarter. 72.12% of the stock is currently owned by 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.