Telemus Capital LLC Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Telemus Capital LLC purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,980 shares of the semiconductor company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in shares of Enphase Energy during the fourth quarter valued at $31,000. Geneos Wealth Management Inc. increased its holdings in Enphase Energy by 68.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after buying an additional 102 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares in the last quarter. Blue Trust Inc. increased its holdings in 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 in the last quarter. Finally, Covestor Ltd increased its holdings in Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s 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 transaction, the executive vice president now owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is owned by insiders.

Enphase Energy Stock Performance

ENPH opened at $110.51 on Tuesday. The firm has a market cap of $15.03 billion, a P/E ratio of 36.11, a PEG ratio of 3.07 and a beta of 1.47. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $228.36. The company has a 50 day simple moving average of $119.48 and a two-hundred day simple moving average of $112.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. Equities analysts forecast that Enphase Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENPH shares. Piper Sandler reduced their price objective on Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a report on Friday, January 12th. Oppenheimer upgraded Enphase Energy from a “market perform” rating to an “outperform” rating and set a $133.00 price objective for the company in a report on Wednesday, February 7th. Canaccord Genuity Group started coverage on Enphase Energy in a report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective for the company. Citigroup downgraded Enphase Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $126.00 to $121.00 in a report on Friday, April 5th. Finally, StockNews.com downgraded Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.84.

About Enphase Energy

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.