Mandy Yang Sells 1,319 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Enphase Energy Trading Down 3.9 %

ENPH stock traded down $2.49 during trading on Tuesday, hitting $60.83. 3,746,906 shares of the company traded hands, compared to its average volume of 4,425,993. The company has a 50-day moving average of $64.15 and a 200-day moving average of $80.39. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The firm has a market capitalization of $8.06 billion, a PE ratio of 82.20 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

A number of large investors have recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its holdings in shares of Enphase Energy by 3.9% during the third quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Enphase Energy by 5.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 153 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Enphase Energy by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 174 shares in the last quarter. Gould Capital LLC lifted its position in shares of Enphase Energy by 2.1% in the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock worth $1,153,000 after purchasing an additional 212 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Enphase Energy by 0.4% during the third quarter. Victory Capital Management Inc. now owns 53,032 shares of the semiconductor company’s stock valued at $5,994,000 after buying an additional 228 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research reports. Morgan Stanley lowered their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Redburn Atlantic assumed coverage on shares of Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Wells Fargo & Company cut their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Truist Financial reiterated a “hold” rating and issued a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Finally, TD Cowen dropped their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Company Profile

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.