Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 247.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,712 shares of the semiconductor company's stock after acquiring an additional 48,910 shares during the period. Candriam S.C.A. owned approximately 0.05% of Enphase Energy worth $4,719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 279 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the third quarter worth about $34,000. Quarry LP bought a new position in shares of Enphase Energy in the third quarter worth about $37,000. Venturi Wealth Management LLC grew its holdings in shares of Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 509 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Enphase Energy in the third quarter worth about $55,000. Institutional investors own 72.12% of the company's stock.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was 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 insiders.

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Enphase Energy Price Performance

Enphase Energy stock traded down $2.49 during trading on Tuesday, reaching $60.83. The company had a trading volume of 3,746,906 shares, compared to its average volume of 4,425,993. The firm's 50-day simple moving average is $64.15 and its 200 day simple moving average is $80.39. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63. The firm has a market capitalization of $8.06 billion, a PE ratio of 82.20 and a beta of 2.12. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ENPH shares. Truist Financial restated a "hold" rating and issued a $65.00 price target (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Oppenheimer upped their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Redburn Atlantic started coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a "neutral" rating for the company. Finally, Piper Sandler lowered their price objective on shares of Enphase Energy from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $90.42.

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.