Cerity Partners LLC Has $299,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Cerity Partners LLC increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 25.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,265 shares of the semiconductor company’s stock after purchasing an additional 455 shares during the quarter. Cerity Partners LLC’s holdings in Enphase Energy were worth $299,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in Enphase Energy by 387,343.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after acquiring an additional 4,078,723 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Enphase Energy by 7.1% in the third quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock worth $163,479,000 after buying an additional 90,438 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Enphase Energy by 3.3% in the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock worth $135,080,000 after buying an additional 35,681 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Enphase Energy by 1.4% in the third quarter. Legal & General Group Plc now owns 1,087,689 shares of the semiconductor company’s stock worth $130,686,000 after buying an additional 14,613 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Enphase Energy by 158.8% in the fourth quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock worth $109,083,000 after buying an additional 501,385 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 3.8 %

Shares of NASDAQ ENPH opened at $111.93 on Friday. The firm’s 50-day simple moving average is $117.82 and its 200 day simple moving average is $111.85. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, research analysts expect that Enphase Energy, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ENPH shares. Canaccord Genuity Group reduced their price objective on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays upgraded shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $115.00 to $134.00 in a research note on Friday. Jefferies Financial Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $111.00 in a research report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and set a $111.00 target price (down previously from $113.00) on shares of Enphase Energy in a research report on Wednesday. Finally, Mizuho dropped their target price on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.41.

Insider Buying and Selling

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were 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 in the company, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired 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 in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders have sold a total of 54,285 shares of company stock worth $6,148,228 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

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.