Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 1,447.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 325 shares of the semiconductor company’s stock after acquiring an additional 304 shares during the period. Addison Advisors LLC’s holdings in Enphase Energy were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ENPH. CVA Family Office LLC acquired a new stake in shares of Enphase Energy in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust grew its stake in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares in the last quarter. Covestor Ltd grew its stake in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. grew its stake in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 218 shares in the last quarter. Finally, Twin Lakes Capital Management LLC acquired a new position in Enphase Energy during the 3rd quarter worth $48,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Shares of ENPH stock traded up $4.10 during trading hours on Friday, reaching $111.93. 5,827,272 shares of the company’s stock were exchanged, compared to its average volume of 4,021,609. The company has a market cap of $15.23 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.47. The company’s 50 day moving average is $117.82 and its two-hundred day moving average is $111.85. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) 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 the consensus estimate of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Equities research analysts anticipate that Enphase Energy, Inc. will post 1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Canaccord Genuity Group lowered their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Roth Mkm reissued a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research note on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a report on Friday, April 5th. Morgan Stanley lifted their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets decreased their price target on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $137.41.

Insider Transactions at Enphase Energy

In related news, Director Steven J. Gomo sold 20,000 shares of the firm’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 transaction, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was 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 of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The disclosure for this sale can be found here. In the last three months, insiders sold 54,285 shares of company stock valued at $6,148,228. Corporate insiders own 3.40% of the company’s stock.

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.