M Holdings Securities Inc. Purchases Shares of 5,246 Enphase Energy, Inc. (NASDAQ:ENPH)

M Holdings Securities Inc. bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,246 shares of the semiconductor company’s stock, valued at approximately $1,059,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ENPH. Elequin Capital LP acquired a new stake in shares of Enphase Energy in the first quarter valued at about $26,000. AlphaCentric Advisors LLC acquired a new stake in shares of Enphase Energy in the fourth quarter valued at about $27,000. KB Financial Partners LLC bought a new position in Enphase Energy during the first quarter worth about $28,000. Global Wealth Management Investment Advisory Inc. grew its holdings in Enphase Energy by 780.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 176 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 156 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in Enphase Energy by 58.0% during the first quarter. Lindbrook Capital LLC now owns 158 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 71.22% of the company’s stock.

Enphase Energy Stock Down 2.6 %

Shares of ENPH opened at $312.18 on Friday. Enphase Energy, Inc. has a one year low of $113.40 and a one year high of $324.84. The company has a market cap of $42.29 billion, a P/E ratio of 218.31, a P/E/G ratio of 2.24 and a beta of 1.51. The company has a debt-to-equity ratio of 2.66, a current ratio of 3.62 and a quick ratio of 3.35. The firm has a 50 day simple moving average of $270.75 and a two-hundred day simple moving average of $212.60.

Enphase Energy (NASDAQ:ENPHGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. Enphase Energy had a net margin of 11.71% and a return on equity of 56.60%. The business had revenue of $530.20 million during the quarter, compared to the consensus estimate of $506.57 million. Research analysts forecast that Enphase Energy, Inc. will post 2.9 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 1,059,051 shares in the company, valued at $211,810,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total value of $7,730,000.00. Following the sale, the chief executive officer now owns 1,059,051 shares of the company’s stock, valued at $211,810,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David A. Ranhoff sold 5,369 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $293.03, for a total transaction of $1,573,278.07. Following the completion of the sale, the executive vice president now directly owns 92,902 shares in the company, valued at approximately $27,223,073.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 203,271 shares of company stock worth $56,273,642. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp lifted their price target on Enphase Energy from $230.00 to $363.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Cowen lifted their price target on Enphase Energy from $240.00 to $278.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Piper Sandler lifted their price target on Enphase Energy from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. lifted their price target on Enphase Energy from $261.00 to $321.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Finally, BMO Capital Markets boosted their price objective on Enphase Energy from $215.00 to $240.00 in a report on Friday, June 10th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.17.

About Enphase Energy

(Get Rating)

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.

See Also

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

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