Inceptionr LLC Has $450,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Inceptionr LLC boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 69.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,553 shares of the semiconductor company’s stock after buying an additional 2,679 shares during the period. Inceptionr LLC’s holdings in Enphase Energy were worth $450,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Enphase Energy during the 3rd quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Enphase Energy during the 3rd quarter worth approximately $37,000. Venturi Wealth Management LLC grew 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 purchasing an additional 509 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Enphase Energy during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $61.63 on Friday. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The firm has a fifty day simple moving average of $64.45 and a 200 day simple moving average of $81.46. The company has a market capitalization of $8.16 billion, a PE ratio of 83.28 and a beta of 2.12. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ENPH. Glj Research restated a “sell” rating and set a $50.69 target price on shares of Enphase Energy in a research report on Tuesday, February 4th. Morgan Stanley reduced 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 research report on Wednesday, February 5th. Truist Financial reiterated a “hold” rating and set a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Oppenheimer increased their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and an average target price of $90.42.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares of the company’s stock, valued at $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 is available at the SEC website. 3.40% of the stock is owned by insiders.

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.