Ossiam Purchases 2,020 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Ossiam increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,517 shares of the semiconductor company’s stock after buying an additional 2,020 shares during the period. Ossiam’s holdings in Enphase Energy were worth $860,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in Enphase Energy during the third quarter valued at approximately $239,000. Tidal Investments LLC raised its position in shares of Enphase Energy by 121.4% in the 3rd quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock worth $13,893,000 after acquiring an additional 67,411 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new stake in shares of Enphase Energy during the 3rd quarter worth $292,000. GAMMA Investing LLC boosted its position in Enphase Energy by 131.9% during the fourth quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company’s stock valued at $339,000 after purchasing an additional 2,810 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Enphase Energy in the fourth quarter valued at about $470,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ENPH has been the subject of several analyst reports. Piper Sandler decreased their price target on shares of Enphase Energy from $65.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their target price on shares of Enphase Energy from $76.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. TD Cowen reduced their price target on Enphase Energy from $94.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Craig Hallum decreased their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group dropped their target price on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average target price of $82.85.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $51.62 on Tuesday. The stock has a market capitalization of $6.84 billion, a PE ratio of 69.76 and a beta of 1.94. Enphase Energy, Inc. has a 52 week low of $47.48 and a 52 week high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock’s 50-day moving average price is $59.14 and its 200-day moving average price is $68.36.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.