Landscape Capital Management L.L.C. Makes New Investment in Enphase Energy, Inc. $ENPH

Landscape Capital Management L.L.C. bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 72,451 shares of the semiconductor company’s stock, valued at approximately $3,567,000. Landscape Capital Management L.L.C. owned 0.05% of Enphase Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ENPH. Norges Bank purchased a new stake in shares of Enphase Energy during the fourth quarter worth $118,190,000. Handelsbanken Fonder AB boosted its position in Enphase Energy by 154.9% during the second quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock valued at $103,953,000 after purchasing an additional 1,283,052 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Enphase Energy in the second quarter valued at about $43,921,000. Invesco Ltd. grew its stake in Enphase Energy by 36.2% in the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock valued at $101,244,000 after purchasing an additional 839,468 shares in the last quarter. Finally, Sora Investors LLC acquired a new position in Enphase Energy in the 4th quarter worth about $25,998,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENPH. UBS Group set a $56.00 price target on Enphase Energy in a research note on Wednesday, July 29th. The Goldman Sachs Group boosted their price target on Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein began coverage on Enphase Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Enphase Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.79.

Enphase Energy Trading Up 0.7%

Shares of NASDAQ:ENPH opened at $38.61 on Friday. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.10 billion, a PE ratio of 38.61 and a beta of 1.64. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74. The firm has a fifty day moving average price of $42.82 and a 200 day moving average price of $44.05.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The company had revenue of $291.85 million for the quarter, compared to the consensus estimate of $289.76 million. During the same quarter last year, the business earned $0.69 earnings per share. Enphase Energy’s quarterly revenue was down 19.6% on a year-over-year basis. Analysts expect that Enphase Energy, Inc. will post 0.76 EPS for the current fiscal year.

Insider Activity at Enphase Energy

In related news, Director Shanker Trivedi acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $53.91 per share, with a total value of $53,910.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $53,910. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $36.76, for a total value of $73,520.00. Following the completion of the sale, the director owned 11,922 shares of the company’s stock, valued at approximately $438,252.72. This trade represents a 14.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,200 shares of company stock valued at $179,000. Corporate insiders own 2.90% of the company’s stock.

Enphase Energy Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.