Stelac Advisory Services LLC Purchases Shares of 22,869 Enphase Energy, Inc. (NASDAQ:ENPH)

Stelac Advisory Services LLC bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,869 shares of the semiconductor company's stock, valued at approximately $1,571,000.

Other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC boosted its holdings 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 acquired a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP bought a new stake in Enphase Energy during the 3rd quarter valued at $37,000. Venturi Wealth Management LLC raised its holdings in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying 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 valued at $55,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ENPH shares. JPMorgan Chase & Co. dropped their target price on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Truist Financial reaffirmed a "hold" rating and set a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Royal Bank of Canada lowered their target price on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a report on Friday, November 22nd. The Goldman Sachs Group reduced their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their target price on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $90.42.

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Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, 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 this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Enphase Energy Trading Up 9.8 %

Shares of Enphase Energy stock traded up $5.67 on Monday, hitting $63.80. 4,523,325 shares of the company traded hands, compared to its average volume of 3,903,897. 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 has a market cap of $8.45 billion, a PE ratio of 86.22 and a beta of 2.12. The stock's 50 day moving average price is $63.40 and its 200-day moving average price is $79.02. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63.

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

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.