Susquehanna Fundamental Investments LLC Invests $8.22 Million in Enphase Energy, Inc. (NASDAQ:ENPH)

Susquehanna Fundamental Investments LLC purchased 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 & Exchange Commission. The firm purchased 119,732 shares of the semiconductor company's stock, valued at approximately $8,223,000. Susquehanna Fundamental Investments LLC owned 0.09% of Enphase Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENPH. Baillie Gifford & Co. grew its holdings in Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after purchasing an additional 2,028,691 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after acquiring an additional 1,378,978 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the last quarter. Norges Bank purchased a new stake in Enphase Energy during the 4th quarter worth approximately $46,339,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Enphase Energy by 372.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company's stock valued at $31,830,000 after purchasing an additional 365,356 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENPH. Truist Financial cut their price target on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Oppenheimer set a $84.00 price target on Enphase Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. BMO Capital Markets cut their price objective on Enphase Energy from $59.00 to $46.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group decreased their target price on Enphase Energy from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Guggenheim reissued a "sell" rating and set a $33.00 price target on shares of Enphase Energy in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $70.54.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average price of $46.35 per share, with a total value of $185,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now directly 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. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Performance

ENPH stock traded down $0.04 on Thursday, reaching $44.55. 5,880,141 shares of the company were exchanged, compared to its average volume of 4,053,777. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market capitalization of $5.85 billion, a PE ratio of 60.20 and a beta of 1.94. The stock's fifty day moving average price is $56.67 and its 200 day moving average price is $66.14. Enphase Energy, Inc. has a 12 month low of $43.82 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. On average, research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.