Enphase Energy, Inc. (NASDAQ:ENPH) Position Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 50.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,227 shares of the semiconductor company’s stock after acquiring an additional 3,753 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Enphase Energy were worth $771,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC bought a new position in Enphase Energy during the 3rd quarter valued at $34,000. Quarry LP bought a new position in Enphase Energy during the 3rd quarter valued at $37,000. Brooklyn Investment Group bought a new position in shares of Enphase Energy in the 3rd quarter worth about $55,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth about $62,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $61.69 on Friday. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 83.37 and a beta of 2.12. The firm has a 50-day moving average of $62.70 and a two-hundred day moving average of $77.97.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Glj Research restated a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research report on Tuesday, February 4th. Truist Financial restated a “hold” rating and issued a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Susquehanna reduced their price target on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reduced their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.42.

Insider Buying and Selling at Enphase Energy

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

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.