Enphase Energy (NASDAQ:ENPH) Now Covered by William Blair

William Blair started coverage on shares of Enphase Energy (NASDAQ:ENPH) in a research note released on Thursday, MarketBeat reports. The firm issued a market perform rating on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on ENPH. Roth Mkm reissued a buy rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Wednesday, July 24th. HSBC upgraded Enphase Energy from a hold rating to a buy rating and set a $166.00 price objective for the company in a research report on Monday, June 10th. Canaccord Genuity Group reduced their target price on shares of Enphase Energy from $150.00 to $140.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Barclays lowered their price objective on Enphase Energy from $131.00 to $129.00 and set an overweight rating for the company in a research report on Thursday, July 25th. Finally, Bank of America dropped their price target on shares of Enphase Energy from $71.00 to $70.00 and set an underperform rating for the company in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $128.76.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $121.04 on Thursday. The stock’s 50-day simple moving average is $110.33 and its 200-day simple moving average is $115.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The firm has a market capitalization of $16.39 billion, a PE ratio of 63.04, a price-to-earnings-growth ratio of 6.22 and a beta of 1.71. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same quarter in the prior year, the business earned $1.16 EPS. The company’s quarterly revenue was down 57.3% compared to the same quarter last year. As a group, equities research analysts forecast that Enphase Energy will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENPH. Bogart Wealth LLC purchased a new stake in shares of Enphase Energy during the fourth quarter valued at $26,000. Manchester Capital Management LLC grew its stake in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC raised its position in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Enphase Energy in the 1st quarter valued at $35,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Enphase Energy by 6,720.0% during the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 336 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

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.