Y.D. More Investments Ltd Increases Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Y.D. More Investments Ltd grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 520.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,260 shares of the semiconductor company’s stock after purchasing an additional 11,960 shares during the period. Y.D. More Investments Ltd’s holdings in Enphase Energy were worth $1,884,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ENPH. CVA Family Office LLC purchased a new stake in Enphase Energy in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust lifted its holdings in shares of Enphase Energy by 131.3% in the 3rd 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 last quarter. Covestor Ltd boosted its position in shares of Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares during the period. Addison Advisors LLC grew its stake in Enphase Energy by 1,447.6% during the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after buying an additional 304 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a research report on Thursday, January 4th. Royal Bank of Canada dropped their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reduced their target price on shares of Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Craig Hallum reduced their price objective on Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Barclays upgraded shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $134.00 in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $137.41.

Insider Activity

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the company’s 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 sale, the director now directly owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of Enphase Energy stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. In the last three months, insiders have sold 54,285 shares of company stock worth $6,148,228. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Stock Down 3.3 %

Shares of NASDAQ ENPH traded down $3.60 during mid-day trading on Wednesday, reaching $105.16. The company had a trading volume of 4,349,600 shares, compared to its average volume of 4,207,100. The stock’s 50 day moving average is $117.09 and its 200-day moving average is $111.45. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22. The stock has a market capitalization of $14.31 billion, a PE ratio of 56.65, a price-to-earnings-growth ratio of 4.07 and a beta of 1.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating 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 business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal 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.