Enphase Energy, Inc. (NASDAQ:ENPH) Stock Position Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,235 shares of the semiconductor company’s stock after purchasing an additional 911 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Enphase Energy were worth $3,242,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ENPH. Thompson Siegel & Walmsley LLC purchased a new stake in Enphase Energy in the 3rd quarter worth about $28,000. Align Wealth Management LLC purchased a new stake in Enphase Energy in the 4th quarter worth about $28,000. NewSquare Capital LLC purchased a new stake in shares of Enphase Energy during the 4th quarter worth about $28,000. Hanseatic Management Services Inc. purchased a new stake in shares of Enphase Energy during the 3rd quarter worth about $34,000. Finally, Godsey & Gibb Inc. purchased a new stake in shares of Enphase Energy during the 4th quarter worth about $35,000. Institutional investors own 73.79% of the company’s stock.

Enphase Energy Stock Performance

ENPH opened at $167.55 on Friday. The stock has a market cap of $22.96 billion, a PE ratio of 48.99, a P/E/G ratio of 1.46 and a beta of 1.52. The company has a current ratio of 3.45, a quick ratio of 3.24 and a debt-to-equity ratio of 1.24. Enphase Energy, Inc. has a 1 year low of $146.00 and a 1 year high of $339.92. The stock’s 50 day simple moving average is $195.33 and its 200-day simple moving average is $240.42.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of recent research reports. OTR Global downgraded Enphase Energy to a “positive” rating in a research note on Tuesday, January 24th. Truist Financial cut their price target on Enphase Energy from $285.00 to $260.00 in a research note on Wednesday, April 26th. Craig Hallum cut their price objective on Enphase Energy from $323.00 to $315.00 in a research note on Wednesday, February 8th. Evercore ISI cut their price objective on Enphase Energy from $325.00 to $275.00 in a research note on Wednesday, April 26th. Finally, Morgan Stanley initiated coverage on Enphase Energy in a research note on Monday, April 3rd. They issued an “equal weight” rating and a $268.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $281.24.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the sale, the executive vice president now directly owns 97,102 shares in the company, valued at $19,735,981.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the sale, the executive vice president now directly owns 97,102 shares in the company, valued at $19,735,981.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers purchased 32,900 shares of the stock in a transaction on Wednesday, April 26th. The stock was bought at an average price of $166.88 per share, for a total transaction of $5,490,352.00. Following the completion of the transaction, the director now directly owns 32,900 shares of the company’s stock, valued at $5,490,352. The disclosure for this purchase can be found here. Company insiders own 4.80% of the company’s stock.

Enphase Energy Profile

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.