Lane Generational LLC Acquires 37,564 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Lane Generational LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 132.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 65,844 shares of the semiconductor company’s stock after purchasing an additional 37,564 shares during the quarter. Enphase Energy makes up approximately 4.4% of Lane Generational LLC’s investment portfolio, making the stock its 10th largest holding. Lane Generational LLC’s holdings in Enphase Energy were worth $4,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENPH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enphase Energy by 9.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,526 shares of the semiconductor company’s stock valued at $3,264,000 after purchasing an additional 3,911 shares during the last quarter. Intellectus Partners LLC raised its holdings in shares of Enphase Energy by 17.4% in the fourth quarter. Intellectus Partners LLC now owns 15,170 shares of the semiconductor company’s stock valued at $1,042,000 after purchasing an additional 2,243 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $175,000. Banco Santander S.A. raised its stake in shares of Enphase Energy by 47.6% during the 4th quarter. Banco Santander S.A. now owns 68,659 shares of the semiconductor company’s stock worth $4,715,000 after purchasing an additional 22,156 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Enphase Energy by 301.7% during the 4th quarter. Edgestream Partners L.P. now owns 76,009 shares of the semiconductor company’s stock worth $5,220,000 after purchasing an additional 57,088 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna reduced their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. TD Cowen reduced their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Northland Securities lowered their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Truist Financial reiterated a “hold” rating and set a $65.00 target price (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price objective on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Trading Down 3.9 %

Shares of ENPH opened at $60.83 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company has a 50-day moving average of $64.15 and a 200 day moving average of $80.39. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 82.20 and a beta of 2.12. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy 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 sale, the chief financial officer now owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by 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.