Evexia Wealth LLC Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Evexia Wealth LLC boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,400 shares of the semiconductor company’s stock after buying an additional 386 shares during the quarter. Evexia Wealth LLC’s holdings in Enphase Energy were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. Quarry LP bought a new stake in shares of Enphase Energy during the 3rd quarter valued at $37,000. Venturi Wealth Management LLC lifted its position in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Enphase Energy during the fourth quarter valued at about $47,000. Sava Infond d.o.o. purchased a new stake in Enphase Energy in the fourth quarter worth about $69,000. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after buying an additional 762 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $49.52 on Wednesday. Enphase Energy, Inc. has a 52-week low of $48.28 and a 52-week high of $141.63. The company’s 50 day moving average is $61.35 and its 200 day moving average is $72.53. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 66.92 and a beta of 1.94. 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 issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ENPH. Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Truist Financial restated a “hold” rating and set a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Jefferies Financial Group dropped their target price on shares of Enphase Energy from $54.00 to $44.00 and set an “underperform” rating for the company in a report on Thursday, April 3rd. Susquehanna decreased their price target on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Craig Hallum cut their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.79.

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.