Mutual of America Capital Management LLC Has $2.41 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mutual of America Capital Management LLC lessened its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,269 shares of the semiconductor company’s stock after selling 810 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enphase Energy were worth $2,414,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in shares of Enphase Energy by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after acquiring an additional 48 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Enphase Energy by 1.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 72 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Enphase Energy by 7.8% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 80 shares during the last quarter. KB Financial Partners LLC lifted its stake in shares of Enphase Energy by 39.8% in the 2nd quarter. KB Financial Partners LLC now owns 309 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 88 shares during the last quarter. Finally, M Holdings Securities Inc. lifted its stake in shares of Enphase Energy by 2.0% in the 1st quarter. M Holdings Securities Inc. now owns 5,118 shares of the semiconductor company’s stock valued at $1,071,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the subject of a number of research reports. Morgan Stanley increased their price target on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Susquehanna reaffirmed a “positive” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. Mizuho lowered their target price on Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday. Roth Mkm reaffirmed a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Thursday. Finally, Piper Sandler lowered their target price on Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $149.88.

Enphase Energy Stock Performance

Shares of ENPH opened at $106.48 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The stock has a 50-day moving average of $119.85 and a 200-day moving average of $112.10. The company has a market cap of $14.48 billion, a PE ratio of 34.80, a P/E/G ratio of 3.10 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $228.36.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. On average, equities research analysts predict that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of Enphase Energy 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 transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold a total of 34,285 shares of company stock worth $4,054,428 in the last three months. Company insiders own 3.40% of the company’s stock.

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.