Signaturefd LLC Has $191,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Signaturefd LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) by 23.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 949 shares of the semiconductor company’s stock after purchasing an additional 182 shares during the period. Signaturefd LLC’s holdings in Enphase Energy were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaCentric Advisors LLC acquired a new position in shares of Enphase Energy in the fourth quarter worth about $27,000. American National Bank boosted its holdings in shares of Enphase Energy by 80.5% in the fourth quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after buying an additional 66 shares during the period. Retirement Planning Co of New England Inc. acquired a new position in shares of Enphase Energy in the fourth quarter worth about $27,000. Lindbrook Capital LLC boosted its holdings in shares of Enphase Energy by 58.0% in the first quarter. Lindbrook Capital LLC now owns 158 shares of the semiconductor company’s stock worth $32,000 after buying an additional 58 shares during the period. Finally, Horan Securities Inc. acquired a new stake in shares of Enphase Energy during the fourth quarter worth approximately $29,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enphase Energy news, Director Joseph Ian Malchow sold 12,500 shares of Enphase Energy stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total transaction of $2,350,000.00. Following the sale, the director now owns 67,590 shares in the company, valued at $12,706,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of Enphase Energy stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the sale, the chief executive officer now owns 1,059,051 shares in the company, valued at $211,810,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Ian Malchow sold 12,500 shares of Enphase Energy stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $188.00, for a total transaction of $2,350,000.00. Following the sale, the director now owns 67,590 shares in the company, valued at approximately $12,706,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,850 shares of company stock valued at $30,289,084. 4.80% of the stock is owned by company insiders.

Enphase Energy Trading Down 3.7 %

Shares of ENPH stock opened at $211.54 on Monday. Enphase Energy, Inc. has a 1 year low of $113.40 and a 1 year high of $282.46. The firm’s fifty day simple moving average is $190.78 and its 200 day simple moving average is $172.83. The firm has a market capitalization of $28.56 billion, a P/E ratio of 180.80, a price-to-earnings-growth ratio of 2.18 and a beta of 1.37. The company has a current ratio of 3.44, a quick ratio of 3.22 and a debt-to-equity ratio of 3.62.

Enphase Energy (NASDAQ:ENPHGet Rating) last announced its earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. The business had revenue of $441.29 million for the quarter, compared to analyst estimates of $434.21 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TheStreet upgraded shares of Enphase Energy from a “c+” rating to a “b” rating in a report on Thursday, April 7th. Truist Financial raised their price target on shares of Enphase Energy from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. StockNews.com assumed coverage on shares of Enphase Energy in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group raised their price target on shares of Enphase Energy from $163.00 to $174.00 in a report on Thursday, April 28th. Finally, Stephens assumed coverage on shares of Enphase Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $280.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Moderate Buy” and an average target price of $243.35.

About Enphase Energy

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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 services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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