16,438 Shares in Enphase Energy, Inc. $ENPH Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,438 shares of the semiconductor company’s stock, valued at approximately $582,000.

A number of other institutional investors also recently bought and sold shares of ENPH. Invesco Ltd. increased its position in Enphase Energy by 28.1% during the second quarter. Invesco Ltd. now owns 6,743,674 shares of the semiconductor company’s stock worth $267,387,000 after buying an additional 1,479,153 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Enphase Energy by 264.7% during the second quarter. Federated Hermes Inc. now owns 1,477,751 shares of the semiconductor company’s stock worth $58,593,000 after buying an additional 1,072,602 shares in the last quarter. Norges Bank acquired a new position in shares of Enphase Energy in the second quarter valued at approximately $40,946,000. Assenagon Asset Management S.A. lifted its stake in shares of Enphase Energy by 827.3% during the second quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company’s stock valued at $45,698,000 after buying an additional 1,028,259 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Enphase Energy by 2,322.9% during the second quarter. Public Sector Pension Investment Board now owns 876,983 shares of the semiconductor company’s stock valued at $34,772,000 after buying an additional 840,787 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, EVP Mandy Yang sold 6,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $33.01, for a total transaction of $198,060.00. Following the transaction, the executive vice president owned 68,987 shares in the company, valued at $2,277,260.87. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 10,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $30.93 per share, with a total value of $309,300.00. Following the transaction, the chief executive officer directly owned 1,630,632 shares of the company’s stock, valued at approximately $50,435,447.76. This trade represents a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Stock Performance

Enphase Energy stock opened at $33.25 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.88. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $76.90. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 22.93 and a beta of 1.43. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $35.74.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.60 by $0.30. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The firm had revenue of $410.43 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the firm posted $0.65 earnings per share. Enphase Energy’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ENPH. Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 target price on shares of Enphase Energy in a research note on Monday, September 29th. Susquehanna set a $33.00 price objective on Enphase Energy in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their target price on Enphase Energy from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley decreased their price target on Enphase Energy from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $39.75.

Enphase Energy Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.