Benjamin F. Edwards & Company Inc. Acquires 430 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Benjamin F. Edwards & Company Inc. grew its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,906 shares of the semiconductor company’s stock after acquiring an additional 430 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Enphase Energy were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. CVA Family Office LLC purchased a new position in Enphase Energy in the fourth quarter worth $31,000. Parkside Financial Bank & Trust raised its holdings in shares of Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares during the period. Covestor Ltd lifted its stake in Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares during the last quarter. Addison Advisors LLC grew its holdings in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 304 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

ENPH stock opened at $112.36 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The firm has a market cap of $15.29 billion, a P/E ratio of 58.52, a P/E/G ratio of 4.08 and a beta of 1.50. The firm’s fifty day moving average is $115.88 and its 200 day moving average is $111.18. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Research analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.

Insider Activity

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Canaccord Genuity Group lowered their price target on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Mizuho lowered their target price on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, DZ Bank started coverage on Enphase Energy in a research report on Wednesday, April 17th. They set a “hold” rating and a $116.00 target price on the stock. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus target price of $133.45.

Enphase Energy Company 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.