IFM Investors Pty Ltd Purchases 132 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

IFM Investors Pty Ltd increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,703 shares of the semiconductor company’s stock after buying an additional 132 shares during the period. IFM Investors Pty Ltd’s holdings in Enphase Energy were worth $3,352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ENPH. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth $26,000. CVA Family Office LLC bought a new position in Enphase Energy during the 4th quarter worth $31,000. Parkside Financial Bank & Trust lifted its holdings in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares during the period. Covestor Ltd grew its position in shares of Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the last quarter. Finally, Addison Advisors LLC raised its position in shares of Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 304 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by insiders.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded up $4.10 during midday trading on Friday, reaching $111.93. The company had a trading volume of 5,827,272 shares, compared to its average volume of 4,021,609. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22. The company’s 50 day moving average price is $118.22 and its 200 day moving average price is $111.90. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The stock has a market cap of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Oppenheimer upped their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley increased their price target on Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Piper Sandler reissued a “neutral” rating and issued a $111.00 price objective (down from $113.00) on shares of Enphase Energy in a research note on Wednesday. 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $137.41.

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.