Enphase Energy Sees Unusually Large Options Volume (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 62,881 call options on the company. This represents an increase of approximately 22% compared to the average volume of 51,635 call options.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the sale, the director now directly owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Steven J. Gomo sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thurman J. Rodgers sold 319,526 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the sale, the director now owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The disclosure for this sale can be found here. Insiders have sold 349,526 shares of company stock worth $43,721,225 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after purchasing an additional 4,078,723 shares in the last quarter. Swedbank AB acquired a new position in Enphase Energy during the 1st quarter worth about $424,130,000. Norges Bank purchased a new position in Enphase Energy during the 4th quarter valued at about $149,425,000. Nordea Investment Management AB grew its position in Enphase Energy by 158.8% in the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after acquiring an additional 501,385 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Enphase Energy during the first quarter worth about $59,128,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ENPH shares. B. Riley lifted their price target on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Oppenheimer upped their target price on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Glj Research began coverage on Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 target price on the stock. Mizuho cut their price target on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Susquehanna reaffirmed a “positive” rating and set a $140.00 price objective on shares of Enphase Energy in a report on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average price target of $130.35.

Enphase Energy Price Performance

ENPH stock opened at $119.34 on Friday. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 62.16, a price-to-earnings-growth ratio of 4.39 and a beta of 1.71. The business has a fifty day moving average of $115.72 and a two-hundred day moving average of $116.44.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. As a group, research analysts anticipate that Enphase Energy will post 1.43 earnings per share for the current year.

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.