Badrinarayanan Kothandaraman Buys 1,118 Shares of Enphase Energy, Inc. (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman acquired 1,118 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $90.23 per share, for a total transaction of $100,877.14. Following the transaction, the chief executive officer now owns 1,272,015 shares of the company’s stock, valued at approximately $114,773,913.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Enphase Energy Trading Up 5.2 %

NASDAQ:ENPH traded up $4.84 on Monday, hitting $97.70. 2,242,924 shares of the stock were exchanged, compared to its average volume of 4,240,028. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.38 and a beta of 1.59. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $339.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.13 and a current ratio of 3.36. The company’s 50-day moving average price is $106.19 and its 200 day moving average price is $139.87.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $562.27 million. Enphase Energy had a return on equity of 63.06% and a net margin of 21.08%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 3.34 earnings per share for the current year.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Agur Provident & Training Funds Management Ltd. acquired a new position in shares of Enphase Energy in the 1st quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew its position in shares of Enphase Energy by 1,400.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 150 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. China Universal Asset Management Co. Ltd. grew its position in shares of Enphase Energy by 278.0% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 155 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 114 shares during the period. KB Financial Partners LLC acquired a new position in shares of Enphase Energy in the 1st quarter valued at approximately $28,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Enphase Energy in the 2nd quarter valued at approximately $28,000. 71.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ENPH has been the topic of several recent research reports. KeyCorp cut their price objective on shares of Enphase Energy from $200.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 5th. Citigroup cut their price objective on shares of Enphase Energy from $170.00 to $167.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Oppenheimer lowered shares of Enphase Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 27th. Deutsche Bank Aktiengesellschaft lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $200.00 to $165.00 in a research report on Friday, July 28th. Finally, Scotiabank lowered shares of Enphase Energy from a “sector outperform” rating to a “sector perform” rating and set a $140.00 price target on the stock. in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.64.

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 services.