10,853 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Purchased by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC acquired a new position in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,853 shares of the semiconductor company’s stock, valued at approximately $1,304,000.

Other hedge funds also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC purchased a new position in Enphase Energy in the fourth quarter worth approximately $29,000. KB Financial Partners LLC purchased a new position in shares of Enphase Energy during the first quarter worth $28,000. Geneos Wealth Management Inc. boosted its position in shares of Enphase Energy by 1,400.0% during the second quarter. Geneos Wealth Management Inc. now owns 150 shares of the semiconductor company’s stock worth $25,000 after buying an additional 140 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Enphase Energy during the fourth quarter worth $42,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Enphase Energy during the second quarter worth $481,000. 71.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ENPH shares. Barclays raised their price target on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday. Truist Financial upgraded Enphase Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $85.00 to $145.00 in a research report on Tuesday, January 23rd. Roth Mkm lowered their price target on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Citigroup decreased their target price on Enphase Energy from $170.00 to $167.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Finally, Piper Sandler decreased their target price on Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.23.

View Our Latest Stock Report on Enphase Energy

Enphase Energy Price Performance

Shares of ENPH opened at $122.47 on Monday. The stock’s 50 day moving average is $115.40 and its two-hundred day moving average is $115.29. The firm has a market capitalization of $16.72 billion, a PE ratio of 40.02, a P/E/G ratio of 2.82 and a beta of 1.48. The company has a current ratio of 4.59, a quick ratio of 3.13 and a debt-to-equity ratio of 1.32. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $231.42.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman purchased 1,118 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $90.23 per share, with a total value of $100,877.14. Following the purchase, the chief executive officer now directly owns 1,272,015 shares of the company’s stock, valued at $114,773,913.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

About Enphase Energy

(Free Report)

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 services.

Read More

Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy, Inc. (NASDAQ:ENPHFree Report).

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.