Fulton Breakefield Broenniman LLC Purchases 107 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Fulton Breakefield Broenniman LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,386 shares of the semiconductor company’s stock after acquiring an additional 107 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Enphase Energy were worth $1,505,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ENPH. GAMMA Investing LLC acquired a new position in shares of Enphase Energy in the 4th quarter valued at about $206,000. Legato Capital Management LLC bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $1,542,000. Assenagon Asset Management S.A. grew its position in shares of Enphase Energy by 348.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after buying an additional 173,628 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Enphase Energy during the 4th quarter worth approximately $566,000. Finally, Glenmede Trust Co. NA increased its stake in shares of Enphase Energy by 92.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock valued at $380,000 after acquiring an additional 1,521 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

ENPH opened at $111.93 on Friday. The firm has a market cap of $15.23 billion, a P/E 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, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The firm has a 50-day moving average of $117.82 and a 200 day moving average of $111.85.

Enphase Energy (NASDAQ:ENPH) last released its 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. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, research analysts expect that Enphase Energy, Inc. will post 1.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the transaction, the director now owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Steven J. Gomo sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares of the company’s stock, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. Insiders sold 54,285 shares of company stock valued at $6,148,228 over the last ninety days. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of research reports. Craig Hallum reduced their price target on shares of Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. Canaccord Genuity Group dropped their price target on Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday. DZ Bank initiated coverage on Enphase Energy in a research note on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price objective for the company. Finally, Royal Bank of Canada decreased their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $137.41.

Enphase Energy 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.