Sava Infond d.o.o. Purchases New Shares in Enphase Energy, Inc. (NASDAQ:ENPH)

Sava Infond d.o.o. acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000 shares of the semiconductor company’s stock, valued at approximately $69,000.

Several other institutional investors have also recently made changes to their positions in ENPH. Quarry LP purchased a new position in Enphase Energy during the third quarter worth about $37,000. Venturi Wealth Management LLC lifted its position in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Enphase Energy in the 3rd quarter worth approximately $55,000. Avior Wealth Management LLC grew its holdings in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $96,000. Institutional investors own 72.12% of the company’s stock.

Insider Activity at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value 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 currently owned by insiders.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $60.71 on Friday. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. 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 firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 82.04 and a beta of 2.12. The company’s fifty day moving average price is $62.28 and its 200-day moving average price is $76.16.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on ENPH shares. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Susquehanna decreased their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. BMO Capital Markets dropped their target price on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on shares of Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.36.

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.