Enphase Energy Inc. (NASDAQ: ENPH) Executive Vice President and Chief Operating Officer David A. Ranhoff sold 7,500 shares of the company on Nov. 21. At an average price of $303.43, the shares sold for a total of $2,275,725.00. As a result of the transaction, the executive vice president now directly controls 85,402 shares of the company’s stock, which have an aggregate value of $25,913,528.86. You can learn more about the transaction through a legal filing filed with the Securities and Exchange Commission, which can be found here.
Several analysts who perform stock analysis have recently commented on the stock. Oppenheimer raised their price target on Enphase Energy to $315.00 and gave the stock an “outperform” rating in a research report published on July 27. The “neutral” recommendation that Seaport Research Partners has awarded to Enphase Energy stock was reaffirmed in a research note published by the company on July 31. Craig Hallum raised his price target on Enphase Energy from $213.00 to $271.00 and gave the stock an “outperform” rating in a research report published on July 27. Wells Fargo & Company raised their price target on Enphase Energy from $302.00 to $344.00 and gave the stock an “overweight” rating in a research report released Friday, October 28.
Last but not least, in a research note published Oct. 18, Trust Financial raised its price target for Enphase Energy from $265.00 to $290.00 and gave the stock a “Buy” rating. Ten research analysts recommend selling the stock, fifteen recommend buying it. According to Bloomberg, Enphase Energy now has an average rating of “Moderate Buy,” and the company’s consensus price target is $295.82.
At lunchtime on Wednesday, NASDAQ:ENPH was trading $4.66 lower at $315.78 per share. A total of 2,634,988 shares were exchanged, with an average volume of 3,372,206. The company has a market cap of $42.92 billion, a price-to-earnings ratio of 151.82, a price-to-earnings ratio of 2.12 and a beta of 1.43. The stock’s 50-day moving average is $283.23 and its 200-day moving average is $247.54. There is a debt-to-equity ratio of 1.96, the current ratio is 3.60, the quick ratio is 3.34 and the current ratio is 3.34. The lowest point in a year for Enphase Energy, Inc. is $113.40, while the one-year high for the company’s stock is $324.84.
Recently, some hedge funds and other types of institutional investors have shifted the ownership stakes they hold in the company. During the first three months of 2018, Park Avenue Securities LLC increased its stake in Enphase Energy by 52.7 percent. After acquiring an additional 699 shares in the prior quarter, Park Avenue Securities LLC currently owns a total of 2,025 shares of the semiconductor business. The value of these shares is $409,000. At the end of the first quarter, Mutual of America Capital Management LLC owned 0.3% more Enphase Energy shares than before. After acquiring an additional 61 shares in the prior quarter, Mutual of America Capital Management LLC now holds a total of 17,876 shares of semiconductor companies valued at $3,607,000. Metis Global Partners LLC increased its ownership in Enphase Energy by 78.2% during the first quarter of the fiscal year. After acquiring an additional 920 shares in the prior quarter, Metis Global Partners LLC now owns a total of 2,096 shares of the semiconductor company’s stock, which is worth $423,000. During the first three months of 2018, Venture Visionary Partners LLC purchased an additional investment in Enphase Energy worth approximately $1,087,000.
Last but not least, the Arizona State Retirement System increased its stake in Enphase Energy by 2.5% during the first three months of the year. The Arizona State Retirement System now owns a total of 35,676 shares of the semiconductor company after purchasing an additional 856 shares in the most recent quarter. The current market value of these shares is $7,200,000. The company’s stock is 71.22% owned by hedge funds and other types of institutional investors.
Through its subsidiaries, Enphase Energy, Inc. designs, develops, manufactures and markets residential energy solutions for the solar photovoltaic industry in the United States and worldwide. The company provides energy monitoring and control services through its proprietary networking and software technologies, in addition to semiconductor-based microinverters that convert energy at the level of each solar module.