Intellectus Partners LLC Buys 1,825 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Intellectus Partners LLC grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 27.3% during the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $206,000. Legato Capital Management LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $1,542,000. Assenagon Asset Management S.A. lifted its holdings in shares of Enphase Energy by 348.6% in 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 purchasing an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $566,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Enphase Energy by 92.7% in the third quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock valued at $380,000 after purchasing an additional 1,521 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the company’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 completion of 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. Insiders sold a total of 54,285 shares of company stock worth $6,148,228 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Price Performance

Enphase Energy stock traded up $4.10 during midday trading on Friday, hitting $111.93. 5,827,272 shares of the company’s stock were exchanged, compared to its average volume of 4,021,609. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22. The stock has a 50-day moving average price of $117.82 and a two-hundred day moving average price of $111.85. 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 company 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.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. On average, equities research analysts forecast that Enphase Energy, Inc. will post 1.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on ENPH shares. DZ Bank started coverage on Enphase Energy in a research report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target for the company. Susquehanna reaffirmed a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research report on Wednesday. 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 price target for the company. Finally, Oppenheimer increased their price target on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average 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.