Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 3,223 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 53.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,245 shares of the semiconductor company’s stock after buying an additional 3,223 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Enphase Energy were worth $1,222,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ENPH. Geneos Wealth Management Inc. raised its holdings in shares of Enphase Energy by 68.0% in the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust raised its holdings in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the last quarter. Covestor Ltd raised its holdings in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 133 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 218 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ENPH shares. BMO Capital Markets boosted their price objective on Enphase Energy from $106.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Truist Financial dropped their price objective on Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Barclays boosted their price objective on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Canaccord Genuity Group started coverage on Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price for the company. Finally, Morgan Stanley boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.38.

Enphase Energy Stock Performance

ENPH traded up $3.65 during trading hours on Tuesday, reaching $114.16. The company’s stock had a trading volume of 2,861,989 shares, compared to its average volume of 4,042,282. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $228.36. The company’s 50-day moving average is $119.48 and its 200-day moving average is $112.01. 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 has a market cap of $15.52 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.01 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Richard Mora sold 24,285 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

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.