Enphase Energy (NASDAQ:ENPH) EVP Sells $198,060.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPH) EVP Mandy Yang sold 6,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $33.01, for a total value of $198,060.00. Following the completion of the transaction, the executive vice president directly owned 68,987 shares in the company, valued at approximately $2,277,260.87. This represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded down $0.83 during midday trading on Friday, hitting $32.18. The company had a trading volume of 5,252,991 shares, compared to its average volume of 6,252,508. The company has a fifty day moving average of $31.99 and a two-hundred day moving average of $36.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.88. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $76.90. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 22.19 and a beta of 1.43.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.30. The company had revenue of $410.43 million for the quarter, compared to analysts’ expectations of $364.64 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in Enphase Energy by 3.7% during the first quarter. LPL Financial LLC now owns 55,242 shares of the semiconductor company’s stock valued at $3,428,000 after purchasing an additional 1,965 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company’s stock valued at $62,780,000 after buying an additional 74,755 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Enphase Energy during the 1st quarter valued at about $24,247,000. Public Sector Pension Investment Board grew its position in Enphase Energy by 86.0% in the first quarter. Public Sector Pension Investment Board now owns 36,196 shares of the semiconductor company’s stock worth $2,246,000 after acquiring an additional 16,733 shares in the last quarter. Finally, S Bank Fund Management Ltd bought a new stake in Enphase Energy during the first quarter worth approximately $416,000. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENPH. Wall Street Zen downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Glj Research upped their price objective on Enphase Energy from $19.80 to $23.49 and gave the stock a “sell” rating in a research note on Tuesday, September 23rd. Morgan Stanley cut their target price on Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Evercore ISI set a $33.00 price target on Enphase Energy in a report on Wednesday, October 29th. Finally, Zacks Research downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $39.75.

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.