Intellectus Partners LLC Raises Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Intellectus Partners LLC grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 27.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,500 shares of the semiconductor company’s stock after purchasing an additional 1,825 shares during the period. Intellectus Partners LLC’s holdings in Enphase Energy were worth $1,123,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ENPH. GAMMA Investing LLC purchased a new position in Enphase Energy in the 4th quarter valued at about $206,000. Legato Capital Management LLC acquired a new position in Enphase Energy during the fourth quarter valued at approximately $1,542,000. Assenagon Asset Management S.A. lifted its position in Enphase Energy by 348.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock valued at $29,525,000 after buying an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Enphase Energy during the fourth quarter valued at approximately $566,000. Finally, Glenmede Trust Co. NA lifted its position in Enphase Energy by 92.7% during the third quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock valued at $380,000 after buying an additional 1,521 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased 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 owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was acquired 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 in the company, valued at $199,514,312.34. The disclosure for this purchase can be found here. In the last three months, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. DZ Bank initiated coverage on shares of Enphase Energy in a research report on Wednesday, April 17th. They set a “hold” rating and a $116.00 target price on the stock. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price on the stock. in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Mizuho reduced their target price on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.41.

Enphase Energy Price Performance

NASDAQ ENPH traded up $4.10 on Friday, reaching $111.93. The company’s stock had a trading volume of 5,827,272 shares, compared to its average volume of 4,021,609. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The stock has a market cap of $15.23 billion, a PE ratio of 58.30, a PEG ratio of 3.29 and a beta of 1.47. The firm’s 50 day moving average is $117.82 and its two-hundred day moving average is $111.85.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 1.56 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.