Enphase Energy (NASDAQ:ENPH) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of Enphase Energy (NASDAQ:ENPH) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning, Marketbeat reports. Barclays currently has $134.00 price target on the semiconductor company’s stock, up from their previous price target of $115.00.

A number of other analysts also recently commented on the company. DZ Bank started coverage on Enphase Energy in a research report on Wednesday, April 17th. They set a hold rating and a $116.00 price target for the company. Roth Mkm reaffirmed a buy rating and set a $140.00 price target on shares of Enphase Energy in a research report on Wednesday. Royal Bank of Canada decreased their target price on Enphase Energy from $140.00 to $130.00 and set an outperform rating for the company in a research report on Wednesday. Craig Hallum decreased their target price on Enphase Energy from $159.00 to $147.00 and set a buy rating for the company in a research report on Wednesday. Finally, Citigroup downgraded Enphase Energy from a buy rating to a neutral rating and decreased their target price for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy currently has a consensus rating of Hold and a consensus target price of $137.41.

Enphase Energy Stock Up 3.8 %

ENPH stock opened at $111.93 on Friday. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $192.22. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average is $118.22 and its 200-day moving average is $111.90. The firm has a market capitalization of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Sell-side analysts expect that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the sale, the director now owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,285 shares of company stock worth $6,148,228. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. Bogart Wealth LLC bought a new position in shares of Enphase Energy in the fourth quarter worth approximately $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy in the fourth quarter worth approximately $31,000. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy in the first quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its stake in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

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.