1,980 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Bought by Telemus Capital LLC

Telemus Capital LLC purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,980 shares of the semiconductor company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new stake in Enphase Energy during the 4th quarter worth $31,000. Geneos Wealth Management Inc. boosted its stake in Enphase Energy by 68.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 102 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 176 shares during the last quarter. Blue Trust Inc. boosted its stake in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 218 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ENPH shares. Canaccord Genuity Group started coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target on the stock. Royal Bank of Canada started coverage on shares of Enphase Energy in a research report on Wednesday, February 14th. They set an “outperform” rating and a $140.00 price target on the stock. Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Roth Mkm restated a “buy” rating and issued a $140.00 price objective on shares of Enphase Energy in a report on Thursday, April 18th. Finally, StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average target price of $147.84.

Read Our Latest Analysis on ENPH

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the sale, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock valued at $4,054,428 over the last three months. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Stock Up 3.8 %

ENPH stock opened at $110.51 on Tuesday. The company’s 50 day moving average price is $119.48 and its 200 day moving average price is $112.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $228.36. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 3.07 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released 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 19.16% and a return on equity of 47.73%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, equities research analysts anticipate that Enphase Energy, Inc. will post 2.01 EPS for the current fiscal year.

Enphase Energy Profile

(Free Report)

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.

Further Reading

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

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