Umpqua Bank Makes New $557,000 Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Umpqua Bank acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,514 shares of the semiconductor company’s stock, valued at approximately $557,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Gould Capital LLC lifted its position in Enphase Energy by 2.1% during the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 212 shares during the period. Victory Capital Management Inc. lifted its position in Enphase Energy by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 53,032 shares of the semiconductor company’s stock valued at $5,994,000 after purchasing an additional 228 shares during the period. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. Resources Management Corp CT ADV lifted its position in Enphase Energy by 6.8% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company’s stock valued at $513,000 after purchasing an additional 290 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in Enphase Energy during the 3rd quarter valued at about $34,000. Institutional investors own 72.12% of the company’s stock.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy 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 transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Enphase Energy Stock Down 0.2 %

ENPH opened at $61.54 on Friday. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a market capitalization of $8.15 billion, a P/E ratio of 83.16 and a beta of 2.12. The stock has a fifty day moving average of $62.60 and a 200-day moving average of $77.56.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping 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 analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ENPH. 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. Barclays cut their price target on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Redburn Atlantic began coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating on the stock. BMO Capital Markets cut their price target on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, TD Cowen dropped their target price on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Company 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.