Cookson Peirce & Co. Inc. lowered its holdings in shares of Enphase Energy Inc (NASDAQ:ENPH) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,128 shares of the semiconductor company’s stock after selling 2,005 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Enphase Energy were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Gradient Investments LLC bought a new position in Enphase Energy during the third quarter valued at $60,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Enphase Energy by 607.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,830 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,430 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Enphase Energy during the fourth quarter valued at $75,000. Russell Investments Group Ltd. bought a new position in Enphase Energy during the third quarter valued at $67,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Enphase Energy by 95.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,075 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 1,505 shares during the last quarter. Institutional investors and hedge funds own 44.73% of the company’s stock.
Several equities analysts have commented on the stock. ValuEngine lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group assumed coverage on shares of Enphase Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research report on Tuesday, October 1st. Roth Capital set a $30.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Northland Securities set a $40.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Enphase Energy presently has an average rating of “Buy” and an average target price of $34.29.
In related news, COO Jeff Mcneil sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $20.02, for a total value of $140,140.00. Following the transaction, the chief operating officer now owns 305,038 shares of the company’s stock, valued at approximately $6,106,860.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Branderiz purchased 10,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $17.70 per share, for a total transaction of $177,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 27,500 shares of company stock valued at $525,540 in the last 90 days. Company insiders own 12.46% of the company’s stock.
Enphase Energy stock opened at $29.95 on Tuesday. The firm has a 50-day moving average price of $28.39 and a 200-day moving average price of $25.35. The firm has a market capitalization of $4.00 billion, a PE ratio of 88.09 and a beta of 1.03. The company has a current ratio of 2.67, a quick ratio of 2.46 and a debt-to-equity ratio of 0.66. Enphase Energy Inc has a 12-month low of $6.60 and a 12-month high of $35.42.
Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $180.06 million during the quarter, compared to analyst estimates of $176.49 million. Enphase Energy had a net margin of 8.92% and a return on equity of 62.77%. The business’s revenue was up 130.8% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. As a group, sell-side analysts predict that Enphase Energy Inc will post 0.62 earnings per share for the current fiscal year.
Enphase Energy Profile
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.
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