Umpqua Bank Invests $557,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Umpqua Bank bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 8,514 shares of the semiconductor company's stock, valued at approximately $557,000.

A number of other large investors also recently made changes to their positions in ENPH. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% in the 3rd 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 in the last quarter. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the third quarter valued at about $34,000. Quarry LP acquired a new position in shares of Enphase Energy during the third quarter worth about $37,000. Brooklyn Investment Group bought a new position in shares of Enphase Energy during the third quarter worth about $55,000. Finally, Prospera Private Wealth LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on 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 transaction, the director now directly owns 1,881,760 shares in the company, 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. Company insiders own 3.40% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on ENPH. TD Cowen dropped their target price on Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Redburn Atlantic initiated coverage on Enphase Energy in a report on Monday, March 3rd. They set a "neutral" rating on the stock. Piper Sandler cut their target price 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. Finally, Barclays decreased their target price on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $90.42.

Enphase Energy Price Performance

Shares of ENPH traded down $2.62 during mid-day trading on Wednesday, reaching $60.15. The stock had a trading volume of 2,449,332 shares, compared to its average volume of 3,918,748. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The business has a fifty day moving average of $62.34 and a 200 day moving average of $76.27. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 81.28 and a beta of 2.12. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities 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.