Enphase Energy Inc (NASDAQ:ENPH) CAO Sells $184,700.00 in Stock

Enphase Energy Inc (NASDAQ:ENPH) CAO Mandy Yang sold 10,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $18.47, for a total value of $184,700.00. Following the completion of the transaction, the chief accounting officer now owns 164,257 shares of the company’s stock, valued at approximately $3,033,826.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mandy Yang also recently made the following trade(s):

  • On Friday, November 1st, Mandy Yang sold 10,000 shares of Enphase Energy stock. The shares were sold at an average price of $19.07, for a total value of $190,700.00.

Shares of NASDAQ ENPH opened at $18.20 on Thursday. Enphase Energy Inc has a one year low of $4.53 and a one year high of $35.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.67 and a quick ratio of 2.46. The business’s fifty day moving average price is $23.43 and its 200-day moving average price is $21.24. The stock has a market capitalization of $2.20 billion, a PE ratio of -151.67 and a beta of 0.83.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Enphase Energy had a return on equity of 62.77% and a net margin of 8.92%. The firm had revenue of $180.06 million for the quarter, compared to analysts’ expectations of $176.49 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 130.8% compared to the same quarter last year. As a group, equities analysts expect that Enphase Energy Inc will post 0.61 EPS for the current fiscal year.

A number of brokerages have issued reports on ENPH. HC Wainwright upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, July 31st. Roth Capital set a $30.00 price target on Enphase Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank raised Enphase Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $120.00 in a research report on Wednesday, July 31st. Craig Hallum set a $31.00 price target on Enphase Energy and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine cut Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.59.

Several hedge funds and other institutional investors have recently modified their holdings of ENPH. Arlington Capital Management Inc. purchased a new stake in Enphase Energy during the 3rd quarter worth about $616,000. Alps Advisors Inc. lifted its holdings in Enphase Energy by 14.8% during the 3rd quarter. Alps Advisors Inc. now owns 170,773 shares of the semiconductor company’s stock worth $3,796,000 after purchasing an additional 21,953 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Enphase Energy by 109.4% during the 3rd quarter. SG Americas Securities LLC now owns 87,372 shares of the semiconductor company’s stock worth $1,942,000 after purchasing an additional 45,640 shares in the last quarter. Traynor Capital Management Inc. purchased a new stake in Enphase Energy during the 3rd quarter worth about $200,000. Finally, Russell Investments Group Ltd. purchased a new stake in Enphase Energy during the 3rd quarter worth about $67,000. 43.50% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that 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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