Texas Permanent School Fund Corp boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,065 shares of the semiconductor company’s stock after buying an additional 452 shares during the period. Texas Permanent School Fund Corp’s holdings in Enphase Energy were worth $3,395,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of Enphase Energy in the 4th quarter worth about $26,000. CVA Family Office LLC purchased a new position in shares of Enphase Energy during the fourth quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $35,000. 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 shares of Enphase Energy by 194.6% in 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. 72.12% of the stock is owned by institutional investors.
Analyst Ratings Changes
ENPH has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Friday, April 5th. TD Cowen boosted their target price on Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. B. Riley lifted their price objective on Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Royal Bank of Canada cut their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $130.35.
Get Our Latest Analysis on ENPH
Insiders Place Their Bets
In other news, Director Steven J. Gomo sold 20,000 shares of the company’s 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 completion of the sale, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mandy Yang bought 4,000 shares of Enphase Energy 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 transaction, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The disclosure for this purchase can be found here. Insiders have sold a total of 344,526 shares of company stock valued at $43,139,775 in the last 90 days. 3.40% of the stock is owned by insiders.
Enphase Energy Trading Up 6.9 %
Shares of ENPH stock opened at $119.34 on Monday. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 62.16, a PEG ratio of 4.91 and a beta of 1.71. 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 stock has a 50 day simple moving average of $115.72 and a 200-day simple moving average of $116.16.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. On average, equities research analysts expect that Enphase Energy, Inc. will post 1.43 EPS for the current fiscal year.
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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