Martin Capital Advisors LLP Has $542,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Martin Capital Advisors LLP lessened its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,101 shares of the semiconductor company’s stock after selling 357 shares during the quarter. Martin Capital Advisors LLP’s holdings in Enphase Energy were worth $542,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new stake in Enphase Energy in the 4th quarter valued at $29,000. KB Financial Partners LLC bought a new stake in Enphase Energy during the 1st quarter worth about $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Enphase Energy in the 4th quarter valued at about $42,000. First Capital Advisors Group LLC. bought a new position in shares of Enphase Energy in the second quarter worth about $28,000. Finally, Quarry LP lifted its position in shares of Enphase Energy by 416.7% during the first quarter. Quarry LP now owns 217 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Down 2.5 %

Enphase Energy stock traded down $2.69 during midday trading on Friday, reaching $106.48. The stock had a trading volume of 3,450,518 shares, compared to its average volume of 4,065,479. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $228.36. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The firm’s fifty day simple moving average is $120.17 and its 200-day simple moving average is $112.17. The stock has a market capitalization of $14.48 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 3.10 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. As a group, analysts expect that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Enphase Energy from $120.00 to $117.00 and set a “neutral” rating for the company in a research report on Friday, January 12th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research note on Thursday. Morgan Stanley lifted their price objective on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Canaccord Genuity Group initiated coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price on the stock. Finally, Royal Bank of Canada began coverage on shares of Enphase Energy in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $140.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $149.88.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the acquisition, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. In the last three months, insiders have sold 34,285 shares of company stock worth $4,054,428. Insiders own 3.40% of the company’s stock.

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.