Jefferies Financial Group Reiterates “Hold” Rating for Enphase Energy (NASDAQ:ENPH)

Jefferies Financial Group reiterated their hold rating on shares of Enphase Energy (NASDAQ:ENPH) in a report published on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a $115.00 target price on the semiconductor company’s stock, up from their prior target price of $111.00.

A number of other equities analysts have also commented on the company. HSBC raised Enphase Energy from a hold rating to a buy rating and set a $166.00 price objective on the stock in a research note on Monday, June 10th. BNP Paribas raised Enphase Energy from a neutral rating to an outperform rating and lifted their price objective for the stock from $120.00 to $144.00 in a research note on Wednesday, August 7th. Roth Mkm reaffirmed a buy rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on Enphase Energy from $124.00 to $130.00 and gave the stock an overweight rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley boosted their price target on Enphase Energy from $98.00 to $100.00 and gave the company an equal weight rating in a research note on Wednesday, August 21st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $128.89.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $108.65 on Wednesday. The business’s 50-day moving average price is $111.33 and its 200-day moving average price is $115.38. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $141.63. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 56.59, a PEG ratio of 6.22 and a beta of 1.72. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Enphase Energy

Several institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new position in Enphase Energy in the fourth quarter worth $26,000. Manchester Capital Management LLC lifted its position in shares of Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 203 shares during the last quarter. Chilton Capital Management LLC lifted its position in shares of Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Enphase Energy during the 1st quarter valued at $35,000. Finally, TFO Wealth Partners LLC lifted its position 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 buying an additional 336 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

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.