DRW Securities LLC Purchases Shares of 13,794 Enphase Energy, Inc. (NASDAQ:ENPH)

DRW Securities LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,794 shares of the semiconductor company's stock, valued at approximately $947,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENPH. Baillie Gifford & Co. increased its holdings in Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares during the period. Invesco Ltd. increased its stake in shares of Enphase Energy by 43.4% in the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after acquiring an additional 1,378,978 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. Norges Bank acquired a new stake in shares of Enphase Energy in the 4th quarter worth $46,339,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Enphase Energy by 372.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company's stock worth $31,830,000 after purchasing an additional 365,356 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred 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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENPH. BMO Capital Markets cut their price objective on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their target price on Enphase Energy from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Craig Hallum dropped their target price on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Citigroup cut Enphase Energy from a "neutral" rating to a "negative" rating in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group decreased their price objective on Enphase Energy from $54.00 to $44.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $89.79.

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Enphase Energy Price Performance

ENPH stock opened at $54.13 on Thursday. 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, Inc. has a 52-week low of $47.48 and a 52-week high of $141.63. The stock's 50 day moving average is $61.03 and its two-hundred day moving average is $71.96. The company has a market capitalization of $7.17 billion, a PE ratio of 73.15 and a beta of 1.94.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal 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.

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