Mizuho Markets Cayman LP Purchases 6,050 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Markets Cayman LP boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 118.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,153 shares of the semiconductor company’s stock after acquiring an additional 6,050 shares during the quarter. Enphase Energy accounts for 1.7% of Mizuho Markets Cayman LP’s portfolio, making the stock its 11th biggest holding. Mizuho Markets Cayman LP’s holdings in Enphase Energy were worth $766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ENPH. Avior Wealth Management LLC increased its position in shares of 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 purchasing an additional 279 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Enphase Energy during the third quarter valued at approximately $34,000. Quarry LP bought a new position in Enphase Energy in the third quarter worth approximately $37,000. Brooklyn Investment Group purchased a new position in shares of Enphase Energy during the 3rd quarter worth $55,000. Finally, Venturi Wealth Management LLC grew its position in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price on the stock in a report on Friday, January 31st. BMO Capital Markets lowered their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer increased their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group lowered their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Truist Financial reissued a “hold” rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.42.

Enphase Energy Stock Down 0.2 %

Shares of ENPH opened at $61.54 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The company has a market cap of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. The business has a fifty day moving average of $62.60 and a 200 day moving average of $77.31.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling

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 value of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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.