Metis Global Partners LLC Has $2.13 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Metis Global Partners LLC raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,112 shares of the semiconductor company’s stock after purchasing an additional 3,189 shares during the quarter. Metis Global Partners LLC’s holdings in Enphase Energy were worth $2,129,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Raymond James & Associates increased its stake in shares of Enphase Energy by 103.6% in the third quarter. Raymond James & Associates now owns 101,922 shares of the semiconductor company’s stock valued at $12,246,000 after buying an additional 51,854 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Enphase Energy by 33.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,451 shares of the semiconductor company’s stock worth $2,818,000 after purchasing an additional 5,915 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Enphase Energy by 39.0% during the third quarter. J.W. Cole Advisors Inc. now owns 1,943 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 545 shares in the last quarter. Cambridge Trust Co. grew its position in Enphase Energy by 45.1% in the 3rd quarter. Cambridge Trust Co. now owns 7,725 shares of the semiconductor company’s stock valued at $928,000 after purchasing an additional 2,400 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Enphase Energy by 20.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,602 shares of the semiconductor company’s stock valued at $22,180,000 after buying an additional 30,813 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENPH has been the subject of several analyst reports. TD Cowen increased their price objective on Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. 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 objective for the company. Canaccord Genuity Group reduced their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Craig Hallum reduced their price objective on Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Morgan Stanley increased their target price on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and an average target price of $133.45.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following 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 through this link. Also, Director Richard Mora sold 24,285 shares of the business’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 transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,285 shares of company stock worth $6,148,228. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 0.7 %

Enphase Energy stock opened at $115.83 on Tuesday. The business has a 50-day simple moving average of $116.14 and a two-hundred day simple moving average of $111.06. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company has a market cap of $15.76 billion, a P/E ratio of 59.94, a P/E/G ratio of 4.08 and a beta of 1.50.

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, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The business had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Analysts predict that Enphase Energy, Inc. will post 1.59 EPS for the current year.

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.