EntryPoint Capital LLC Makes New $270,000 Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

EntryPoint Capital LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,924 shares of the semiconductor company’s stock, valued at approximately $270,000.

Several other institutional investors have also made changes to their positions in ENPH. Quarry LP acquired a new position in Enphase Energy in the 3rd quarter valued at $37,000. Venturi Wealth Management LLC raised its stake in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Brooklyn Investment Group bought a new stake in Enphase Energy during the third quarter worth about $55,000. Avior Wealth Management LLC grew its stake in Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after buying an additional 762 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Enphase Energy by 116.4% in the 4th quarter. Rakuten Securities Inc. now owns 1,435 shares of the semiconductor company’s stock valued at $99,000 after buying an additional 772 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Trading Up 1.5 %

NASDAQ ENPH opened at $61.65 on Friday. The stock has a market capitalization of $8.17 billion, a P/E ratio of 83.31 and a beta of 2.12. The business has a 50 day simple moving average of $62.24 and a 200 day simple moving average of $75.88. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Susquehanna decreased their price target on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Craig Hallum dropped their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.36.

Insider Buying and Selling at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

About Enphase Energy

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.