5,708 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,708 shares of the semiconductor company’s stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also bought and sold shares of ENPH. Avior Wealth Management LLC grew its holdings in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. Stone House Investment Management LLC purchased a new position in Enphase Energy in the third quarter worth $34,000. Quarry LP purchased a new position in Enphase Energy in the third quarter worth $37,000. Venturi Wealth Management LLC grew its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Enphase Energy in the third quarter worth $55,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Down 1.0 %

Shares of NASDAQ ENPH opened at $61.69 on Friday. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. The stock has a market cap of $8.17 billion, a PE ratio of 83.37 and a beta of 2.12. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $62.70 and a 200 day moving average of $77.97.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ENPH. Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective on the stock in a report on Friday, January 31st. Truist Financial reissued a “hold” rating and set a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Susquehanna dropped their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Craig Hallum dropped their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.42.

Insider Activity at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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.