Jump Financial LLC Has $12.34 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Jump Financial LLC boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 983.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 179,695 shares of the semiconductor company’s stock after purchasing an additional 163,116 shares during the quarter. Jump Financial LLC’s holdings in Enphase Energy were worth $12,341,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC boosted its holdings in Enphase Energy by 24.1% during the third quarter. MML Investors Services LLC now owns 23,229 shares of the semiconductor company’s stock worth $2,625,000 after purchasing an additional 4,508 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Enphase Energy in the 3rd quarter valued at about $210,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enphase Energy in the third quarter valued at about $239,000. Tidal Investments LLC raised its holdings in Enphase Energy by 121.4% during the third quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock worth $13,893,000 after acquiring an additional 67,411 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in Enphase Energy during the third quarter valued at approximately $292,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Enphase Energy stock opened at $54.55 on Tuesday. The firm has a market cap of $7.23 billion, a P/E ratio of 73.72 and a beta of 1.94. Enphase Energy, Inc. has a one year low of $47.48 and a one year high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The stock’s 50 day moving average is $60.24 and its 200 day moving average is $70.35.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate 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, research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ENPH shares. BMO Capital Markets decreased their target price on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Craig Hallum dropped their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Susquehanna reduced their price target on Enphase Energy from $76.00 to $59.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial restated a “hold” rating and issued a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.49.

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 on Monday, March 10th. The stock was 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 owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Enphase Energy Company 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.