NewEdge Wealth LLC Has $342,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

NewEdge Wealth LLC lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 10.6% in the fourth quarter, HoldingsChannel reports. The fund owned 2,587 shares of the semiconductor company’s stock after selling 308 shares during the period. NewEdge Wealth LLC’s holdings in Enphase Energy were worth $342,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in Enphase Energy during the 1st quarter worth approximately $28,000. First Capital Advisors Group LLC. acquired a new position in Enphase Energy during the 2nd quarter worth approximately $28,000. Resurgent Financial Advisors LLC bought a new stake in shares of Enphase Energy during the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its stake in shares of Enphase Energy by 68.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Enphase Energy during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup cut Enphase Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $126.00 to $121.00 in a research note on Friday, April 5th. Wells Fargo & Company upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $141.00 in a research note on Monday, January 8th. StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a research note on Thursday, January 4th. Finally, Mizuho increased their price target on Enphase Energy from $131.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus price target of $149.94.

Enphase Energy Price Performance

Enphase Energy stock opened at $112.05 on Thursday. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $15.24 billion, a PE ratio of 36.62, a P/E/G ratio of 3.12 and a beta of 1.47. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $231.42. The stock has a 50-day moving average price of $120.33 and a two-hundred day moving average price of $112.19.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Analysts expect that Enphase Energy, Inc. will post 2.09 EPS for the current year.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock worth $4,054,428 over the last ninety days. 3.40% of the stock is owned by insiders.

Enphase Energy Profile

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.