Lane Generational LLC Has $4.52 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Lane Generational LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 132.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,844 shares of the semiconductor company's stock after acquiring an additional 37,564 shares during the quarter. Enphase Energy accounts for about 4.4% of Lane Generational LLC's holdings, making the stock its 10th largest position. Lane Generational LLC's holdings in Enphase Energy were worth $4,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock valued at $99,496,000 after buying an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Enphase Energy in the 3rd quarter worth $37,475,000. Mizuho Securities USA LLC grew its position in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock valued at $50,737,000 after purchasing an additional 438,424 shares in the last quarter. Impax Asset Management Group plc increased its position in Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company's stock worth $25,555,000 after buying an additional 31,008 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after purchasing an additional 11,890 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy Trading Down 3.9 %

Shares of Enphase Energy stock opened at $60.83 on Wednesday. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company's fifty day simple moving average is $64.15 and its 200-day simple moving average is $80.39. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 82.20 and a beta of 2.12.

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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, sell-side analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ENPH shares. Piper Sandler dropped their price objective 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. Susquehanna reduced their target price on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. TD Cowen cut their price target on Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, January 27th. BMO Capital Markets cut their price target on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada cut their price target on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating on the stock in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.

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