Piper Sandler lowered shares of Enphase Energy (NASDAQ:ENPH – Get Rating) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage currently has $255.00 price objective on the semiconductor company's stock, down from their previous price objective of $350.00.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut their target price on Enphase Energy from $344.00 to $326.00 and set an overweight rating on the stock in a report on Friday, January 6th. Truist Financial increased their target price on Enphase Energy from $265.00 to $290.00 and gave the stock a buy rating in a report on Tuesday, October 18th. The Goldman Sachs Group raised their price objective on Enphase Energy from $328.00 to $362.00 and gave the company a buy rating in a research note on Wednesday, October 26th. Daiwa Capital Markets assumed coverage on Enphase Energy in a research note on Friday, December 23rd. They set an outperform rating and a $335.00 price objective on the stock. Finally, B. Riley raised their price objective on Enphase Energy from $217.00 to $242.00 in a research note on Wednesday, October 26th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $306.22.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $210.09 on Tuesday. The company has a market cap of $28.56 billion, a price-to-earnings ratio of 101.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.38. Enphase Energy has a 52 week low of $113.97 and a 52 week high of $339.92. The company has a quick ratio of 3.34, a current ratio of 3.60 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $278.91 and a 200-day moving average of $277.54.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of Enphase Energy stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total transaction of $11,902,541.55. Following the completion of the transaction, the chief executive officer now owns 1,131,459 shares of the company's stock, valued at approximately $370,722,541.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of Enphase Energy stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total transaction of $11,902,541.55. Following the completion of the transaction, the chief executive officer now owns 1,131,459 shares of the company's stock, valued at approximately $370,722,541.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $303.43, for a total value of $2,275,725.00. Following the transaction, the executive vice president now directly owns 85,402 shares of the company's stock, valued at approximately $25,913,528.86. The disclosure for this sale can be found here. Insiders sold 178,674 shares of company stock valued at $56,558,342 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

A number of large investors have recently modified their holdings of ENPH. Panagora Asset Management Inc. boosted its position in shares of Enphase Energy by 42.5% during the 1st quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company's stock valued at $813,000 after acquiring an additional 1,201 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Enphase Energy in the 1st quarter worth approximately $249,000. Cibc World Market Inc. lifted its position in Enphase Energy by 219.1% in the 1st quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company's stock worth $1,073,000 after buying an additional 3,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Enphase Energy by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company's stock worth $80,436,000 after buying an additional 6,401 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in Enphase Energy by 8.7% in the 1st quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company's stock worth $457,000 after buying an additional 182 shares during the last quarter. Institutional investors own 73.79% of the company's stock.

Enphase Energy Company Profile

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Enphase Energy, Inc engages in the design, development, manufacture and sale of micro inverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. The company was founded by Raghuveer R.

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