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

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the acquisition, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Enphase Energy Stock Up 0.9 %

Shares of ENPH traded up $0.90 during trading hours on Thursday, reaching $106.06. The company’s stock had a trading volume of 4,239,523 shares, compared to its average volume of 4,207,607. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 54.77, a P/E/G ratio of 3.89 and a beta of 1.50. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $116.67 and a two-hundred day moving average of $111.41.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. As a group, research analysts predict that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Enphase Energy by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after acquiring an additional 192,854 shares during the period. Baillie Gifford & Co. raised its stake in Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after acquiring an additional 4,078,723 shares in the last quarter. Northern Trust Corp raised its stake in Enphase Energy by 0.3% during the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after acquiring an additional 3,940 shares in the last quarter. Norges Bank acquired a new position in Enphase Energy during the fourth quarter worth $149,425,000. Finally, Schroder Investment Management Group raised its stake in Enphase Energy by 3.3% during the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock worth $135,080,000 after acquiring an additional 35,681 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ENPH shares. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Mizuho lowered their price objective on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, April 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Enphase Energy in a research report on Thursday, January 4th. Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $115.00 to $134.00 in a research report on Friday, April 26th. Finally, Canaccord Genuity Group started coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective for the company. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $133.45.

About Enphase Energy

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.