WINTON GROUP Ltd Invests $476,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

WINTON GROUP Ltd purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,930 shares of the semiconductor company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership purchased a new stake in Enphase Energy during the 4th quarter worth approximately $15,857,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Enphase Energy by 10.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,132 shares of the semiconductor company’s stock worth $15,594,000 after buying an additional 19,743 shares during the last quarter. Korea Investment CORP raised its holdings in Enphase Energy by 45.6% in the fourth quarter. Korea Investment CORP now owns 91,758 shares of the semiconductor company’s stock valued at $6,302,000 after acquiring an additional 28,742 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Enphase Energy during the 4th quarter valued at $96,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Enphase Energy by 28.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 393,453 shares of the semiconductor company’s stock worth $27,022,000 after acquiring an additional 86,666 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Up 1.5 %

ENPH opened at $61.65 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a market capitalization of $8.17 billion, a PE ratio of 83.31 and a beta of 2.12. The stock’s fifty day moving average is $62.24 and its 200-day moving average is $75.43. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the topic of a number of recent analyst reports. Redburn Atlantic started coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a “neutral” rating on the stock. Truist Financial reiterated a “hold” rating and issued a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Citigroup lowered shares of Enphase Energy from a “neutral” rating to a “negative” rating in a report on Wednesday. Finally, Piper Sandler dropped their price objective on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.36.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

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.