Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Profund Advisors LLC


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Profund Advisors LLC boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,502 shares of the semiconductor company’s stock after buying an additional 2,213 shares during the period. Profund Advisors LLC’s holdings in Enphase Energy were worth $2,896,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of Enphase Energy by 8.6% in the 4th quarter. IFP Advisors Inc now owns 693 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 55 shares in the last quarter. JustInvest LLC lifted its stake in shares of Enphase Energy by 2.0% in the 4th quarter. JustInvest LLC now owns 2,973 shares of the semiconductor company’s stock valued at $522,000 after purchasing an additional 59 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Enphase Energy by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 180 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Enphase Energy by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 31,600 shares of the semiconductor company’s stock valued at $5,545,000 after purchasing an additional 100 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its holdings in shares of Enphase Energy by 0.4% during the 4th quarter. Traynor Capital Management Inc. now owns 26,600 shares of the semiconductor company’s stock valued at $4,667,000 after buying an additional 100 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Benjamin John Kortlang sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $130.30, for a total transaction of $6,515,000.00. Following the completion of the transaction, the director now owns 287,085 shares in the company, valued at approximately $37,407,175.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Ranhoff sold 82,400 shares of the business’s stock in a transaction that occurred on Friday, November 27th. The shares were sold at an average price of $142.46, for a total value of $11,738,704.00. Following the transaction, the executive vice president now owns 375,839 shares of the company’s stock, valued at approximately $53,542,023.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,678 shares of company stock valued at $38,024,997. Insiders own 7.10% of the company’s stock.

Several equities research analysts recently commented on the company. Susquehanna Bancshares downgraded Enphase Energy from a “positive” rating to a “neutral” rating and set a $195.00 target price on the stock. in a report on Thursday, January 7th. Raymond James downgraded Enphase Energy from a “market perform” rating to an “underperform” rating in a report on Friday, January 8th. Barclays raised their target price on Enphase Energy from $233.00 to $256.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Truist assumed coverage on Enphase Energy in a report on Tuesday, January 12th. They set a “buy” rating and a $254.00 target price on the stock. Finally, Oppenheimer raised their target price on Enphase Energy from $77.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $169.65.

Shares of ENPH opened at $167.86 on Tuesday. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 131.14, a PEG ratio of 3.36 and a beta of 1.44. The stock has a 50 day moving average of $196.91 and a 200-day moving average of $130.16. The company has a current ratio of 3.31, a quick ratio of 3.17 and a debt-to-equity ratio of 0.62. Enphase Energy, Inc. has a 52 week low of $21.49 and a 52 week high of $229.04.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Monday, February 8th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $264.80 million during the quarter, compared to analyst estimates of $254.21 million. Enphase Energy had a return on equity of 30.06% and a net margin of 24.69%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, sell-side analysts predict that Enphase Energy, Inc. will post 0.95 earnings per share 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 services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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