EntryPoint Capital LLC Makes New $270,000 Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

EntryPoint Capital LLC bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,924 shares of the semiconductor company’s stock, valued at approximately $270,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Enphase Energy by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company’s stock valued at $1,135,707,000 after acquiring an additional 44,782 shares during the last quarter. Mizuho Markets Cayman LP boosted its stake in shares of Enphase Energy by 118.6% in the 4th quarter. Mizuho Markets Cayman LP now owns 11,153 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 6,050 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Enphase Energy during the 4th quarter worth approximately $233,000. KLP Kapitalforvaltning AS bought a new stake in shares of Enphase Energy during the fourth quarter worth approximately $6,126,000. Finally, Umpqua Bank acquired a new position in Enphase Energy in the fourth quarter valued at approximately $557,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’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 value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $61.65 on Friday. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 83.31 and a beta of 2.12. The stock’s 50 day moving average price is $62.24 and its two-hundred day moving average price is $75.88. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

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, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on ENPH shares. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They set a “neutral” rating for the company. Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen cut 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.36.

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.