Benjamin F. Edwards & Company Inc. Grows Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Benjamin F. Edwards & Company Inc. raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in Enphase Energy by 103.6% in the 3rd quarter. Raymond James & Associates now owns 101,922 shares of the semiconductor company’s stock worth $12,246,000 after acquiring an additional 51,854 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Enphase Energy by 33.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,451 shares of the semiconductor company’s stock valued at $2,818,000 after buying an additional 5,915 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Enphase Energy by 20.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,602 shares of the semiconductor company’s stock worth $22,180,000 after purchasing an additional 30,813 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Enphase Energy in the third quarter valued at about $503,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Enphase Energy during the third quarter valued at $73,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Down 2.2 %

Shares of ENPH opened at $112.36 on Thursday. The stock has a 50 day simple moving average of $115.88 and a 200-day simple moving average of $111.18. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The stock has a market cap of $15.29 billion, a PE ratio of 58.52, a PEG ratio of 4.08 and a beta of 1.50. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler restated a “neutral” rating and set a $111.00 price objective (down from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Mizuho decreased their target price on Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Oppenheimer upped their target price on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, TD Cowen increased their price target on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $133.45.

Insiders Place Their Bets

In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is currently owned by corporate 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.