Los Angeles Capital Management LLC Invests $787,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Los Angeles Capital Management LLC purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,955 shares of the semiconductor company’s stock, valued at approximately $787,000.

A number of other large investors also recently bought and sold shares of the business. CVA Family Office LLC purchased a new position in shares of Enphase Energy during the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust raised its stake in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the last quarter. Covestor Ltd boosted its holdings in Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 133 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 304 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 218 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Trading Down 1.1 %

Shares of ENPH stock opened at $111.13 on Friday. The company has a market cap of $15.12 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The stock’s 50 day simple moving average is $115.57 and its two-hundred day simple moving average is $111.18. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Research analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. DZ Bank began coverage on shares of Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target on the stock. Barclays upgraded shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $115.00 to $134.00 in a report on Friday, April 26th. Truist Financial cut their target price on Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Piper Sandler restated a “neutral” rating and issued a $111.00 price target (down previously from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $133.45.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the acquisition, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction 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 owns 119,948 shares in the company, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $3,219,700. 3.40% of the stock is currently owned by company insiders.

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.