Woodline Partners LP bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,114 shares of the semiconductor company's stock, valued at approximately $557,000.
Several other institutional investors have also recently bought and sold shares of the company. McGowan Group Asset Management Inc. lifted its stake in Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock valued at $1,145,000 after acquiring an additional 319 shares in the last quarter. GeoWealth Management LLC lifted its stake in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 321 shares in the last quarter. Norinchukin Bank The lifted its stake in Enphase Energy by 6.0% in the 4th quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company's stock valued at $395,000 after acquiring an additional 328 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in Enphase Energy by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 49,939 shares of the semiconductor company's stock valued at $3,430,000 after acquiring an additional 332 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company's stock worth $2,700,000 after purchasing an additional 336 shares in the last quarter. Institutional investors own 72.12% of the company's stock.
Insider Transactions at Enphase Energy
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. The trade was a 0.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 in the company, valued at approximately $4,972,139.68. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
Enphase Energy Price Performance
Shares of ENPH traded up $1.84 during trading hours on Friday, hitting $41.08. 9,512,146 shares of the company were exchanged, compared to its average volume of 4,427,014. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 55.51 and a beta of 1.80. Enphase Energy, Inc. has a fifty-two week low of $37.59 and a fifty-two 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 firm's fifty day moving average is $49.64 and its 200 day moving average is $60.34.
Analyst Ratings Changes
Several research firms have recently commented on ENPH. Truist Financial cut their price objective on Enphase Energy from $65.00 to $49.00 and set a "hold" rating for the company in a report on Thursday, April 24th. BNP Paribas downgraded Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. Piper Sandler cut their price objective on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Oppenheimer set a $84.00 price objective on Enphase Energy and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Glj Research cut their price objective on Enphase Energy from $50.69 to $31.11 and set a "sell" rating for the company in a report on Friday, April 25th. Eleven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $68.87.
Read Our Latest Analysis on ENPH
Enphase Energy Profile
(
Free Report)
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.
Read More
Before you consider Enphase Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enphase Energy wasn't on the list.
While Enphase Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
