Fox Run Management L.L.C. Acquires New Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Fox Run Management L.L.C. bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,391 shares of the semiconductor company’s stock, valued at approximately $233,000.

A number of other large investors have also modified their holdings of ENPH. Gould Capital LLC lifted its stake in shares of Enphase Energy by 2.1% in the third quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock worth $1,153,000 after buying an additional 212 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in Enphase Energy by 6.8% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company’s stock worth $513,000 after purchasing an additional 290 shares in the last quarter. Inspire Investing LLC grew its position in shares of Enphase Energy by 2.0% in the fourth quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock valued at $1,098,000 after purchasing an additional 318 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Enphase Energy by 4.2% in the third quarter. Ingalls & Snyder LLC now owns 7,869 shares of the semiconductor company’s stock valued at $889,000 after purchasing an additional 320 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 1.5 %

Shares of ENPH stock opened at $61.65 on Friday. The business’s fifty day moving average price is $62.24 and its 200 day moving average price is $75.88. The firm has a market capitalization of $8.17 billion, a PE ratio of 83.31 and a beta of 2.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the subject of several analyst reports. Truist Financial restated a “hold” rating and issued a $65.00 target price (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They set a “neutral” rating on the stock. Morgan Stanley dropped their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, TD Cowen reduced their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $90.36.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.