Slow Capital Inc. Buys Shares of 24,692 Enphase Energy, Inc. (NASDAQ:ENPH)

Slow Capital Inc. bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,692 shares of the semiconductor company's stock, valued at approximately $3,263,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new position in Enphase Energy in the first quarter worth approximately $28,000. First Capital Advisors Group LLC. acquired a new position in Enphase Energy in the second quarter worth approximately $28,000. Resurgent Financial Advisors LLC acquired a new position in Enphase Energy in the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its position in Enphase Energy by 68.0% in the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company's stock worth $30,000 after buying an additional 102 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Enphase Energy in the fourth quarter worth approximately $31,000. Institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. DZ Bank assumed coverage on shares of Enphase Energy in a research report on Wednesday. They issued a "hold" rating and a $116.00 price target on the stock. Roth Mkm lowered their price objective on shares of Enphase Energy from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Citigroup cut shares of Enphase Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Morgan Stanley lifted their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Finally, Canaccord Genuity Group assumed coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a "buy" rating and a $142.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Enphase Energy presently has an average rating of "Hold" and an average target price of $149.94.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company's stock, valued at $199,514,312.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company's stock, valued at $199,514,312.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the sale, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,285 shares of company stock valued at $4,054,428. Insiders own 3.40% of the company's stock.

Enphase Energy Stock Performance

Enphase Energy stock traded up $1.58 on Wednesday, reaching $112.05. 3,623,957 shares of the stock were exchanged, compared to its average volume of 4,085,834. The stock has a market cap of $15.24 billion, a PE ratio of 36.62, a PEG ratio of 3.12 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $231.42. The firm has a fifty day moving average price of $120.33 and a two-hundred day moving average price of $112.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. Sell-side analysts anticipate that Enphase Energy, Inc. will post 2.09 EPS for the current year.

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.