Mizuho Markets Cayman LP Purchases 6,050 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Markets Cayman LP increased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 118.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,153 shares of the semiconductor company's stock after acquiring an additional 6,050 shares during the period. Enphase Energy comprises approximately 1.7% of Mizuho Markets Cayman LP's portfolio, making the stock its 11th biggest holding. Mizuho Markets Cayman LP's holdings in Enphase Energy were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ENPH. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC bought a new position in Enphase Energy during the third quarter valued at $34,000. Quarry LP purchased a new stake in Enphase Energy in the third quarter worth $37,000. Brooklyn Investment Group purchased a new stake in Enphase Energy in the third quarter worth $55,000. Finally, Venturi Wealth Management LLC raised its stake 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 valued at $46,000 after buying an additional 509 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. 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 dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Remove Ads

Enphase Energy Trading Down 4.5 %

Shares of NASDAQ:ENPH traded down $2.85 during trading on Wednesday, reaching $59.92. 1,077,300 shares of the company traded hands, compared to its average volume of 3,908,191. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 81.03 and a beta of 2.12. The business's fifty day moving average is $62.45 and its 200-day moving average is $76.39.

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

Analyst Upgrades and Downgrades

ENPH has been the subject of several research reports. Barclays cut their price target on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Canaccord Genuity Group upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Truist Financial reissued a "hold" rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Oppenheimer raised their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Piper Sandler reduced 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. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.42.

Enphase Energy Company 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.