US Bancorp DE cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,230 shares of the semiconductor company’s stock after selling 1,994 shares during the quarter. US Bancorp DE’s holdings in Enphase Energy were worth $3,070,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC purchased a new stake in shares of Enphase Energy during the fourth quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in shares of Enphase Energy during the 4th quarter valued at $31,000. Parkside Financial Bank & Trust lifted its holdings in shares of Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Enphase Energy by 1,447.6% in the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 304 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.
Enphase Energy Stock Performance
Enphase Energy stock opened at $130.66 on Friday. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 68.05, a price-to-earnings-growth ratio of 4.99 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The firm has a 50 day simple moving average of $115.23 and a 200-day simple moving average of $114.91. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. On average, analysts expect that Enphase Energy, Inc. will post 1.53 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Wells Fargo & Company reduced their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. TD Cowen upped their target price on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $111.00 price objective (down from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $133.45.
Read Our Latest Stock Analysis on ENPH
Insider Activity at Enphase Energy
In other Enphase Energy news, CFO Mandy Yang purchased 4,000 shares of Enphase Energy stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $104.24 per share, with a total value of $416,960.00. Following the completion of the transaction, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Enphase Energy news, CFO Mandy Yang purchased 4,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares in the company, valued at approximately $6,564,305.52. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the sale, the executive vice president now owns 119,948 shares in the company, valued at $13,948,752.92. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $3,219,700 in the last three months. 3.40% of the stock is owned by company 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.
See Also
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Source: defenseworld.net
