Richard Mora Sells 1,100 Shares of Enphase Energy (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $52.05, for a total value of $57,255.00. Following the transaction, the director directly owned 9,370 shares in the company, valued at approximately $487,708.50. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Enphase Energy Stock Down 1.5%

Shares of NASDAQ ENPH opened at $43.49 on Friday. Enphase Energy, Inc. has a one year low of $25.77 and a one year high of $70.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.07 and a quick ratio of 1.84. The firm’s 50 day simple moving average is $36.84 and its two-hundred day simple moving average is $35.06. The stock has a market capitalization of $5.69 billion, a P/E ratio of 33.71 and a beta of 1.37.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.19. The firm had revenue of $343.32 million during the quarter, compared to analyst estimates of $340.45 million. Enphase Energy had a net margin of 11.69% and a return on equity of 20.31%. The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. As a group, analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC increased its position in Enphase Energy by 2.2% during the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 260 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Enphase Energy by 5.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 319 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in shares of Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 350 shares during the period. GAMMA Investing LLC raised its stake in Enphase Energy by 19.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock worth $78,000 after buying an additional 392 shares in the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in Enphase Energy by 4.8% in the third quarter. Tempus Wealth Planning LLC now owns 8,556 shares of the semiconductor company’s stock worth $303,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna reiterated a “neutral” rating and issued a $46.00 price objective on shares of Enphase Energy in a report on Wednesday, February 4th. TD Cowen lifted their price target on Enphase Energy from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Mizuho set a $39.00 price objective on Enphase Energy in a research report on Wednesday, February 4th. Loop Capital set a $31.00 price objective on Enphase Energy in a research note on Thursday, October 30th. Finally, Glj Research set a $21.70 target price on shares of Enphase Energy in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.70.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.