Caprock Group LLC Acquires Shares of 1,638 Enphase Energy, Inc. (NASDAQ:ENPH)

Caprock Group LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,638 shares of the semiconductor company’s stock, valued at approximately $216,000.

Other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new position in Enphase Energy in the 4th quarter valued at $29,000. KB Financial Partners LLC bought a new position in shares of Enphase Energy during the 1st quarter worth $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of Enphase Energy during the 4th quarter worth $42,000. First Capital Advisors Group LLC. bought a new position in shares of Enphase Energy during the 2nd quarter worth $28,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Enphase Energy during the 2nd quarter worth $33,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $113.55 on Wednesday. The business has a 50 day moving average of $117.94 and a 200 day moving average of $112.46. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 3.35 and a beta of 1.47. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $231.42. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. On average, sell-side analysts predict that Enphase Energy, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ENPH shares. BMO Capital Markets increased their price target 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. Canaccord Genuity Group started coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target for the company. Canaccord Genuity Group started coverage on Enphase Energy in a research note on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target for the company. Oppenheimer upgraded Enphase Energy from a “market perform” rating to an “outperform” rating and set a $133.00 price target for the company in a research note on Wednesday, February 7th. Finally, Piper Sandler cut their target price on Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.65.

Read Our Latest Stock Analysis on Enphase Energy

Enphase Energy Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.