3,272 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, Holdings Channel.com reports. The fund purchased 3,272 shares of the semiconductor company’s stock, valued at approximately $225,000.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Enphase Energy in the 4th quarter worth about $47,000. Sava Infond d.o.o. purchased a new stake in Enphase Energy in the 4th quarter valued at about $69,000. Avior Wealth Management LLC increased its stake in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 762 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Enphase Energy during the 4th quarter worth about $96,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $52.54 on Friday. The company has a market capitalization of $6.96 billion, a P/E ratio of 71.00 and a beta of 1.94. The company has a 50-day moving average of $59.33 and a 200-day moving average of $69.01. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 1-year low of $47.48 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on ENPH. The Goldman Sachs Group lowered their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. BMO Capital Markets dropped their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. TD Cowen reduced their target price on Enphase Energy from $94.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Truist Financial restated a “hold” rating and set a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price objective on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.85.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated Friday, March 7th. The shares were 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 $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The transaction 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 shares were sold at an average price of $63.32, for a total value 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. Corporate insiders own 3.10% of the company’s stock.

Enphase Energy 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.