Altfest L J & Co. Inc. Takes $472,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Altfest L J & Co. Inc. bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,572 shares of the semiconductor company’s stock, valued at approximately $472,000.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Enphase Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 13,980,361 shares of the semiconductor company’s stock worth $2,820,957,000 after acquiring an additional 60,024 shares during the period. Geode Capital Management LLC grew its stake in Enphase Energy by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 2,897,279 shares of the semiconductor company’s stock valued at $607,929,000 after buying an additional 51,092 shares during the last quarter. Northern Trust Corp lifted its position in Enphase Energy by 7.1% during the third quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock worth $163,479,000 after acquiring an additional 90,438 shares during the last quarter. Norges Bank bought a new stake in shares of Enphase Energy during the fourth quarter worth approximately $325,230,000. Finally, Schroder Investment Management Group grew its position in shares of Enphase Energy by 3.3% in the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after purchasing an additional 35,681 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ENPH shares. StockNews.com lowered Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Truist Financial raised shares of Enphase Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $85.00 to $145.00 in a report on Tuesday, January 23rd. Canaccord Genuity Group assumed coverage on Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target on the stock. Morgan Stanley raised their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets upped their target price on Enphase Energy from $106.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.65.

Enphase Energy Trading Up 0.2 %

Shares of ENPH stock traded up $0.20 during mid-day trading on Thursday, hitting $120.00. The company’s stock had a trading volume of 1,973,352 shares, compared to its average volume of 4,194,437. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $231.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The company’s fifty day simple moving average is $117.04 and its 200-day simple moving average is $112.61. The company has a market cap of $16.29 billion, a PE ratio of 39.20, a P/E/G ratio of 3.03 and a beta of 1.48.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. As a group, equities research analysts expect that Enphase Energy, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction on Friday, February 9th. The shares were 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 owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The disclosure for this sale can be found here. 4.80% of the stock is owned by insiders.

Enphase Energy 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.