International Assets Investment Management LLC Buys Shares of 40,831 Enphase Energy, Inc. (NASDAQ:ENPH)

International Assets Investment Management LLC bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 40,831 shares of the semiconductor company's stock, valued at approximately $53,950,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Enphase Energy during the fourth quarter worth about $31,000. Parkside Financial Bank & Trust increased its position in shares of Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 176 shares during the period. Covestor Ltd raised its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. lifted its position in Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 218 shares during the period. Finally, Twin Lakes Capital Management LLC acquired a new stake in Enphase Energy during the third quarter worth $48,000. Institutional investors own 72.12% of the company's stock.

Enphase Energy Trading Up 7.7 %

Enphase Energy stock traded up $8.14 during trading hours on Friday, reaching $114.20. 6,067,183 shares of the company's stock traded hands, compared to its average volume of 4,405,192. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 59.48, a PEG ratio of 3.79 and a beta of 1.50. The firm's 50 day moving average is $116.24 and its 200-day moving average is $111.16.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. On average, analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

ENPH has been the subject of a number of analyst reports. TD Cowen raised their price objective on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Craig Hallum decreased their price target on Enphase Energy from $159.00 to $147.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. Citigroup lowered Enphase Energy from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $126.00 to $121.00 in a research note on Friday, April 5th. Piper Sandler restated a "neutral" rating and issued a $111.00 target price (down previously from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lowered their target price on shares of Enphase Energy from $141.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $133.45.

Insider Buying and Selling at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Mandy Yang purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the transaction, the chief financial officer now directly owns 62,973 shares of the company's stock, valued at approximately $6,564,305.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Mora sold 24,285 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the sale, the director now owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,285 shares of company stock worth $6,148,228. Company insiders own 3.40% of the company's stock.

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.