3,391 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake 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 firm bought 3,391 shares of the semiconductor company’s stock, valued at approximately $233,000.

Several other large investors have also modified their holdings of the business. Quarry LP purchased a new position in Enphase Energy during the third quarter valued at approximately $37,000. Venturi Wealth Management LLC increased its holdings in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares during the period. Brooklyn Investment Group bought a new position in shares of Enphase Energy in the 3rd quarter worth $55,000. Avior Wealth Management LLC lifted its stake in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in Enphase Energy by 116.4% during the fourth quarter. Rakuten Securities Inc. now owns 1,435 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 772 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now 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

NASDAQ:ENPH opened at $61.65 on Friday. The company has a 50 day moving average price of $62.24 and a 200-day moving average price of $75.88. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 83.31 and a beta of 2.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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 net margin of 7.72% and a return on equity of 15.62%. Equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of recent research reports. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Morgan Stanley reduced their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Truist Financial restated a “hold” rating and issued a $65.00 target price (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Redburn Atlantic started coverage on Enphase Energy in a research report on Monday, March 3rd. They set a “neutral” rating on the stock. Finally, Glj Research reissued a “sell” rating and issued a $50.69 price objective on shares of Enphase Energy in a research report on Tuesday, February 4th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Enphase Energy 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.