Larson Financial Group LLC Reduces Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Larson Financial Group LLC reduced its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 83.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 266 shares of the semiconductor company’s stock after selling 1,373 shares during the quarter. Larson Financial Group LLC’s holdings in Enphase Energy were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ENPH. Exchange Traded Concepts LLC increased its stake in Enphase Energy by 155.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 820 shares during the last quarter. Oak Thistle LLC bought a new position in Enphase Energy in the 3rd quarter worth about $259,000. Czech National Bank increased its stake in Enphase Energy by 47.1% in the 3rd quarter. Czech National Bank now owns 23,858 shares of the semiconductor company’s stock worth $2,867,000 after acquiring an additional 7,635 shares during the last quarter. Northcape Capital Pty Ltd increased its stake in Enphase Energy by 44.3% in the 3rd quarter. Northcape Capital Pty Ltd now owns 7,663 shares of the semiconductor company’s stock worth $921,000 after acquiring an additional 2,353 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in Enphase Energy in the 3rd quarter worth about $792,000. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ENPH shares. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial reduced their price objective on Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Susquehanna reiterated a “positive” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Friday, April 5th. Oppenheimer increased their price objective on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, B. Riley increased their price objective on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.41.

Enphase Energy Trading Up 3.8 %

NASDAQ ENPH opened at $111.93 on Friday. The stock has a market cap of $15.23 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The stock has a 50 day simple moving average of $118.22 and a two-hundred day simple moving average of $111.90. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, analysts forecast that Enphase Energy, Inc. will post 1.96 earnings per share for the current year.

Insider Transactions at Enphase Energy

In related news, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now owns 118,360 shares in the company, valued at $12,391,108.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Insiders have sold 54,285 shares of company stock valued at $6,148,228 in the last three months. 3.40% of the stock is currently owned by company 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.