Enphase Energy Inc (NASDAQ:ENPH)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $9.53 and last traded at $9.40, with a volume of 72250 shares changing hands. The stock had previously closed at $9.36.

A number of research firms have weighed in on ENPH. BidaskClub lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Cowen increased their target price on shares of Enphase Energy from $6.75 to $8.50 and gave the company an “in-line” rating in a report on Thursday, February 21st. HC Wainwright set a $9.00 target price on shares of Enphase Energy and gave the company a “buy” rating in a report on Tuesday, January 29th. ValuEngine upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $8.36.

The firm has a market cap of $956.90 million, a P/E ratio of -78.08 and a beta of 1.46. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 21.18.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 26th. The semiconductor company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $92.20 million for the quarter, compared to analysts’ expectations of $85.40 million. During the same quarter in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts forecast that Enphase Energy Inc will post 0.21 earnings per share for the current year.

In other news, VP David A. Ranhoff sold 60,000 shares of Enphase Energy stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $9.14, for a total value of $548,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Mora sold 70,000 shares of Enphase Energy stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $9.09, for a total value of $636,300.00. Following the completion of the transaction, the director now directly owns 109,788 shares of the company’s stock, valued at approximately $997,972.92. The disclosure for this sale can be found here. Insiders own 13.52% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ENPH. Northern Trust Corp raised its position in shares of Enphase Energy by 484.3% in the 2nd quarter. Northern Trust Corp now owns 918,088 shares of the semiconductor company’s stock worth $6,179,000 after purchasing an additional 760,975 shares during the last quarter. Tenzing Global Management LLC raised its position in Enphase Energy by 25.0% in the 3rd quarter. Tenzing Global Management LLC now owns 3,750,000 shares of the semiconductor company’s stock worth $18,188,000 after buying an additional 750,000 shares during the last quarter. Park West Asset Management LLC raised its position in Enphase Energy by 18.8% in the 4th quarter. Park West Asset Management LLC now owns 4,487,779 shares of the semiconductor company’s stock worth $21,227,000 after buying an additional 709,870 shares during the last quarter. Vanguard Group Inc raised its position in Enphase Energy by 13.1% in the 3rd quarter. Vanguard Group Inc now owns 4,128,064 shares of the semiconductor company’s stock worth $20,021,000 after buying an additional 479,564 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Enphase Energy by 13.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,128,064 shares of the semiconductor company’s stock worth $20,021,000 after buying an additional 479,564 shares during the last quarter. 43.54% of the stock is owned by hedge funds and other institutional investors.

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Enphase Energy Company Profile (NASDAQ:ENPH)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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