Enphase Energy, Inc. (NASDAQ:ENPH) Stake Lessened by Bison Wealth LLC

Bison Wealth LLC cut its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,020 shares of the semiconductor company’s stock after selling 2,172 shares during the period. Bison Wealth LLC’s holdings in Enphase Energy were worth $795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Granite Bay Wealth Management LLC lifted its stake in Enphase Energy by 9.2% during the fourth quarter. Granite Bay Wealth Management LLC now owns 2,752 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 232 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Enphase Energy during the fourth quarter valued at approximately $1,097,000. Aquila Investment Management LLC acquired a new stake in Enphase Energy during the fourth quarter valued at approximately $1,321,000. RPG Investment Advisory LLC lifted its stake in Enphase Energy by 6.1% during the fourth quarter. RPG Investment Advisory LLC now owns 48,593 shares of the semiconductor company’s stock valued at $6,421,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Clarius Group LLC acquired a new stake in Enphase Energy during the fourth quarter valued at approximately $201,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on ENPH shares. Piper Sandler cut their target price on shares of Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a research note on Friday, January 12th. Mizuho upped their price target on shares of Enphase Energy from $131.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Canaccord Genuity Group began coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price target for the company. KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a research report on Thursday, January 4th. Finally, StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.03.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the sale, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $112.47 on Tuesday. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $231.42. The firm’s fifty day simple moving average is $120.24 and its 200 day simple moving average is $112.26. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $15.29 billion, a PE ratio of 36.76, a PEG ratio of 3.24 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.09 EPS for the current year.

Enphase Energy 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.