Gould Capital LLC Sells 35,060 Shares of Enphase Energy, Inc. $ENPH

Gould Capital LLC lessened its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 96.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,402 shares of the semiconductor company’s stock after selling 35,060 shares during the quarter. Gould Capital LLC’s holdings in Enphase Energy were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. PFG Investments LLC boosted its position in shares of Enphase Energy by 2.2% in the fourth quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 260 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of Enphase Energy by 5.5% in the third quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock valued at $217,000 after acquiring an additional 319 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC boosted its position in shares of Enphase Energy by 19.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 392 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Enphase Energy by 33.6% in the second quarter. Rakuten Securities Inc. now owns 1,629 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 410 shares during the period. Institutional investors own 72.12% of the company’s stock.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $67.50 per share, with a total value of $337,500.00. Following the completion of the purchase, the chief executive officer directly owned 1,645,632 shares of the company’s stock, valued at $111,080,160. This represents a 0.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 700 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the transaction, the director directly owned 13,922 shares of the company’s stock, valued at $893,792.40. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by insiders.

Enphase Energy Stock Down 0.6%

Shares of NASDAQ ENPH opened at $54.59 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 54.05 and a beta of 1.60. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $73.74. The stock has a 50-day moving average price of $45.52 and a two-hundred day moving average price of $40.76.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The firm had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.28 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, analysts forecast that Enphase Energy, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ENPH shares. Barclays reduced their target price on shares of Enphase Energy from $31.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Wall Street Zen raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. The Goldman Sachs Group upped their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Oppenheimer cut their price objective on shares of Enphase Energy from $68.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group cut their price objective on shares of Enphase Energy from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $44.24.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.