Abbrea Capital LLC Has $591,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Abbrea Capital LLC boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,470 shares of the semiconductor company’s stock after buying an additional 185 shares during the quarter. Abbrea Capital LLC’s holdings in Enphase Energy were worth $591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in Enphase Energy during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust lifted its holdings in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares during the period. Covestor Ltd lifted its holdings in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares during the period. Blue Trust Inc. lifted its holdings in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares during the period. Finally, Twin Lakes Capital Management LLC acquired a new position in Enphase Energy during the 3rd quarter worth about $48,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENPH. Mizuho lowered their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday. Royal Bank of Canada lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday. Canaccord Genuity Group lowered their price objective on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com lowered Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy has an average rating of “Hold” and an average price target of $141.00.

Enphase Energy Price Performance

Shares of ENPH traded up $0.66 during midday trading on Thursday, hitting $107.83. 7,481,798 shares of the company traded hands, compared to its average volume of 4,216,574. The stock has a 50-day moving average of $118.79 and a 200-day moving average of $111.93. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The firm has a market cap of $14.66 billion, a P/E ratio of 53.47, a PEG ratio of 3.24 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.34% and a net margin of 15.10%. The company had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.01 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, with a total value 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 SEC, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,285 shares of company stock valued at $4,054,428. 3.40% of the stock is owned by corporate insiders.

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.