Oak Thistle LLC Acquires Shares of 16,438 Enphase Energy, Inc. $ENPH

Oak Thistle LLC bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 16,438 shares of the semiconductor company’s stock, valued at approximately $582,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENPH. SVB Wealth LLC acquired a new stake in Enphase Energy during the 1st quarter valued at approximately $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Enphase Energy by 431.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 514 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 368 shares during the last quarter. CX Institutional boosted its stake in shares of Enphase Energy by 135.4% during the 2nd quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 623 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Enphase Energy during the first quarter worth approximately $70,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 10,000 shares of Enphase Energy stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $30.93 per share, with a total value of $309,300.00. Following the purchase, the chief executive officer directly owned 1,630,632 shares of the company’s stock, valued at approximately $50,435,447.76. This trade represents a 0.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mandy Yang sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $33.01, for a total transaction of $198,060.00. Following the completion of the sale, the executive vice president owned 68,987 shares in the company, valued at $2,277,260.87. The trade was a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.10% of the company’s stock.

Enphase Energy Stock Up 0.9%

NASDAQ:ENPH opened at $33.25 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.88 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $31.60 and a 200-day moving average of $35.74. The firm has a market capitalization of $4.35 billion, a PE ratio of 22.93 and a beta of 1.43. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $76.90.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.30. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The business had revenue of $410.43 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup cut their price target on shares of Enphase Energy from $32.00 to $31.00 and set a “sell” rating on the stock in a report on Wednesday, October 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $41.00 price target on shares of Enphase Energy in a research note on Monday, September 29th. Zacks Research cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Oppenheimer set a $67.00 target price on Enphase Energy and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Glj Research boosted their price target on Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $39.75.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.