Addison Advisors LLC Buys 304 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Addison Advisors LLC grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 1,447.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325 shares of the semiconductor company’s stock after purchasing an additional 304 shares during the quarter. Addison Advisors LLC’s holdings in Enphase Energy were worth $43,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. CVA Family Office LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust grew its stake 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 acquiring an additional 176 shares in the last quarter. Covestor Ltd grew its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 133 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 218 shares in the last quarter. Finally, Twin Lakes Capital Management LLC acquired a new stake in Enphase Energy during the third quarter worth about $48,000. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of Enphase Energy stock in a transaction dated Tuesday, February 27th. The stock was purchased 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 directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the transaction, the director now owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENPH. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. B. Riley raised their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets reduced their price target on shares of Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a research note on Wednesday. Morgan Stanley raised their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.41.

Enphase Energy Trading Up 3.8 %

ENPH stock 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. The business has a fifty day simple moving average of $117.82 and a two-hundred day simple moving average of $111.85. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. The firm 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 company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. As a group, research analysts forecast 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.