Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) CEO Badrinarayanan Kothandaraman sold 77,700 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $196.42, for a total transaction of $15,261,834.00. Following the sale, the chief executive officer now directly owns 1,097,701 shares of the company’s stock, valued at $215,610,430.42. The sale was disclosed in a document filed with the SEC
On Monday, March 28th, Badrinarayanan Kothandaraman sold 37,500 shares of Enphase Energy stock. The shares were sold at an average price of $200.01, for a total transaction of $7,500,375.00.
Enphase Energy stock traded up $1.28 during midday trading on Tuesday, hitting $179.52. 1,760,183 shares of the company’s stock were exchanged, compared to its average volume of 3,037,292. The company has a debt-to-equity ratio of 3.62, a quick ratio of 3.22 and a current ratio of 3.44. Enphase Energy, Inc. has a 12 month low of $113.40 and a 12 month high of $282.46. The firm has a 50-day moving average of $177.61 and a two-hundred day moving average of $173.69. The company has a market cap of $24.24 billion, a PE ratio of 150.99 and a beta of 1.41.
Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. The company had revenue of $441.29 million for the quarter, compared to analysts’ expectations of $434.21 million. During the same period in the prior year, the business earned $0.48 EPS. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.34 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of ENPH. BlackRock Inc. grew its holdings in Enphase Energy by 7.4% during the 4th quarter. BlackRock Inc. now owns 14,961,479 shares of the semiconductor company’s stock worth $2,737,054,000 after acquiring an additional 1,030,920 shares in the last quarter. Norges Bank bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $187,827,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $165,172,000. Renaissance Technologies LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $155,157,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Enphase Energy by 1,207.5% in the 1st quarter. 1832 Asset Management L.P. now owns 608,789 shares of the semiconductor company’s stock valued at $121,238,000 after buying an additional 562,229 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.
A number of equities research analysts recently issued reports on ENPH shares. Credit Suisse Group upped their price target on shares of Enphase Energy from $163.00 to $174.00 in a research note on Thursday, April 28th. Craig Hallum lowered their price objective on shares of Enphase Energy from $241.00 to $213.00 in a research report on Wednesday, April 27th. BMO Capital Markets increased their price objective on shares of Enphase Energy from $215.00 to $240.00 in a research report on Friday. Stephens initiated coverage on shares of Enphase Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $280.00 price objective for the company. Finally, B. Riley increased their price objective on shares of Enphase Energy from $155.00 to $171.00 in a research report on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $237.67.
Enphase Energy Company Profile (Get Rating)
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 services.