Y.D. More Investments Ltd Raises Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Y.D. More Investments Ltd lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 520.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,260 shares of the semiconductor company’s stock after acquiring an additional 11,960 shares during the quarter. Y.D. More Investments Ltd’s holdings in Enphase Energy were worth $1,884,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ENPH. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 387,343.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after acquiring an additional 4,078,723 shares during the period. Northern Trust Corp raised its stake in shares of Enphase Energy by 7.1% in the 3rd quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock valued at $163,479,000 after acquiring an additional 90,438 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Enphase Energy by 3.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after acquiring an additional 35,681 shares in the last quarter. Legal & General Group Plc boosted its position in Enphase Energy by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 1,087,689 shares of the semiconductor company’s stock worth $130,686,000 after purchasing an additional 14,613 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Enphase Energy by 158.8% in the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after purchasing an additional 501,385 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several analyst reports. Morgan Stanley raised their target price on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Craig Hallum dropped their price target on Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Canaccord Genuity Group reduced their price target on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, BMO Capital Markets dropped their price objective on shares of Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.41.

Enphase Energy Stock Performance

Enphase Energy stock traded down $3.60 during mid-day trading on Wednesday, reaching $105.16. The company’s stock had a trading volume of 4,349,600 shares, compared to its average volume of 4,207,100. The company has a market capitalization of $14.31 billion, a P/E ratio of 56.65, a PEG ratio of 4.07 and a beta of 1.47. The firm’s fifty day moving average price is $117.09 and its two-hundred day moving average price is $111.45. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. 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 (NASDAQ:ENPH) last posted 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. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The business had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Sell-side analysts predict that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. In the last three months, insiders sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is currently owned by corporate insiders.

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.