Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) Director Joseph Ian Malchow sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total value of $2,350,000.00. Following the completion of the sale, the director now directly owns 67,590 shares in the company, valued at $12,706,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ENPH opened at $184.75 on Friday. Enphase Energy, Inc. has a 1-year low of $113.40 and a 1-year high of $282.46. The company has a current ratio of 3.44, a quick ratio of 3.22 and a debt-to-equity ratio of 3.62. The company has a market cap of $24.95 billion, a P/E ratio of 157.91 and a beta of 1.41. The company has a fifty day moving average price of $175.71 and a two-hundred day moving average price of $172.77.
Enphase Energy (NASDAQ:ENPH – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, beating 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 firm had revenue of $441.29 million during the quarter, compared to the consensus estimate of $434.21 million. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, research analysts forecast that Enphase Energy, Inc. will post 2.35 EPS for the current fiscal year.
Several research firms recently weighed in on ENPH. Oppenheimer raised their price objective on Enphase Energy from $290.00 to $307.00 in a research note on Wednesday, April 27th. B. Riley raised their price objective on shares of Enphase Energy from $155.00 to $171.00 in a report on Wednesday, April 27th. Cowen boosted their target price on shares of Enphase Energy from $227.00 to $240.00 in a report on Wednesday, April 27th. TheStreet raised shares of Enphase Energy from a “c+” rating to a “b” rating in a research note on Thursday, April 7th. Finally, Craig Hallum dropped their price target on shares of Enphase Energy from $241.00 to $213.00 in a research note on Wednesday, April 27th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Buy” and an average price target of $237.67.
Institutional investors and hedge funds have recently bought and sold shares of the business. Elequin Capital LP bought a new stake in Enphase Energy in the first quarter valued at $26,000. American National Bank grew its holdings in shares of Enphase Energy by 80.5% during the fourth quarter. American National Bank now owns 148 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of Enphase Energy during the fourth quarter valued at about $27,000. AlphaCentric Advisors LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at about $27,000. Finally, KB Financial Partners LLC acquired a new position in shares of Enphase Energy during the first quarter valued at about $28,000. 68.30% of the stock is owned by hedge funds and other institutional investors.
About Enphase Energy (GetRated)
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.
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