Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,703 shares of the semiconductor company’s stock after buying an additional 132 shares during the period. IFM Investors Pty Ltd’s holdings in Enphase Energy were worth $3,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Enphase Energy in the 4th quarter valued at $26,000. CVA Family Office LLC purchased a new position in Enphase Energy during the 4th quarter worth $31,000. Parkside Financial Bank & Trust increased its stake in Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the period. Covestor Ltd raised its holdings in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen boosted their price target on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a research note on Wednesday. DZ Bank initiated coverage on Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target for the company. Morgan Stanley boosted their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $137.41.

Enphase Energy Trading Up 3.8 %

Shares of NASDAQ ENPH traded up $4.10 during midday trading on Friday, reaching $111.93. 5,827,272 shares of the stock were exchanged, compared to its average volume of 4,021,609. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The stock has a 50 day moving average price of $118.22 and a 200-day moving average price of $111.90. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Equities research analysts expect that Enphase Energy, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 transaction of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is currently owned by insiders.

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.