TD Cowen Raises Enphase Energy (NASDAQ:ENPH) Price Target to $145.00

Enphase Energy (NASDAQ:ENPH) had its target price increased by TD Cowen from $140.00 to $145.00 in a report published on Wednesday morning, Marketbeat.com reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently weighed in on ENPH. Wells Fargo & Company raised Enphase Energy from an equal weight rating to an overweight rating and raised their price target for the company from $98.00 to $141.00 in a report on Monday, January 8th. Oppenheimer raised Enphase Energy from a market perform rating to an outperform rating and set a $133.00 price target for the company in a report on Wednesday, February 7th. Citigroup lowered shares of Enphase Energy from a buy rating to a neutral rating and decreased their price objective for the stock from $126.00 to $121.00 in a report on Friday, April 5th. Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Finally, KeyCorp reissued a sector weight rating on shares of Enphase Energy in a research note on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $137.41.

Enphase Energy Trading Up 3.8 %

Shares of ENPH opened at $111.93 on Wednesday. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The stock has a market cap of $15.23 billion, a PE ratio of 58.30, a PEG ratio of 3.17 and a beta of 1.47. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $192.22. The stock has a 50 day simple moving average of $118.22 and a 200-day simple moving average of $111.90.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly 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 firm had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, sell-side analysts predict that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Donoghue Forlines LLC raised its holdings in shares of Enphase Energy by 4.8% in 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 increased its stake in Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after buying an additional 100 shares during the last quarter. Fulton Breakefield Broenniman LLC lifted its position in Enphase Energy by 0.9% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock worth $1,505,000 after buying an additional 107 shares in the last quarter. VitalStone Financial LLC raised its holdings in Enphase Energy by 14.3% during the fourth quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 111 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in shares of Enphase Energy by 5.5% during the 3rd quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds 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.