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SYSTM Wealth Solutions LLC purchased new shares of stock in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) during the fourth quarter, according to a recent 13F filing with the SEC. The institutional investor bought 1,029 shares of the semiconductor company, worth about $273,000.
Other institutional investors have also recently changed their stakes in the company. Thompson Siegel & Walmsley LLC purchased new shares in his Enphase Energy shares worth approximately $28,000 during the third quarter. Align Wealth Management LLC purchased new shares of Enphase Energy stock valued at approximately $28,000 during the fourth quarter. NewSquare Capital LLC purchased new shares of Enphase Energy stock valued at approximately $28,000 during the fourth quarter. KB Financial Partners LLC purchased new shares in Enphase Energy worth approximately $28,000 in the first quarter. Finally, Hanseatic Management Services Inc. purchased new shares in Enphase Energy worth approximately $34,000 in the third quarter. Currently 73.79% of the shares are owned by hedge funds and other institutional investors.
Enphase Energy Stock Up 0.4%
NASDAQ:ENPH shares opened at $165.20 on Monday. Enphase Energy, Inc. hit a one-year low of $152.15 and a one-year high of $339.92. The company has a market cap of $22.64 billion, trades at 48.30 times earnings, 1.51 times earnings, and 1.53 times beta. The company has a debt to equity ratio of 1.24, a current ratio of 3.45 and a quick ratio of 3.24. The stock has a 50-day moving average of $185.97 and a 200-day moving average of $231.05.
Enphase Energy insider activity
In related news, director Richard Mora sold 4,500 shares of the company in a transaction on Friday, March 3. The stock sold at an average price of $214.62, bringing the total trading value to his $965,790.00. Following the transaction, the directors own 1,600 shares of the company’s stock, valued at approximately $343,392. The sale was disclosed in documents filed with the SEC, which can be accessed on the SEC’s website. In other news from Enphase Energy, CFO Mandy Yang bought 3,500 shares of her stock in a transaction that took place on Tuesday, May 2nd. The shares were purchased at her average cost per share of $156.86, giving her a total of $549,010.00. Following the transaction, the Chief Financial Officer will directly own 99,043 shares of the company’s stock, valued at approximately $15,535,884.98. The transaction was disclosed in legal filings with the Securities and Exchange Commission, available at this hyperlink. In addition, director Richard Mora sold 4,500 shares of the company in a transaction on Friday, March 3. The stock sold at an average price of $214.62 for a total trading value of $965,790.00. Following the sale, the directors will own 1,600 shares of the company, valued at approximately $343,392. Disclosure information regarding this sale can be found here. 4.20% of the shares are owned by corporate insiders.
Wall Street analyst speaks out
Several analysts have published reports on stock prices. Janie Montgomery-Scott upgraded Enphase Energy’s stock from Neutral to Buy with a price target of $282.00 in a research note on Monday, February 27. Raymond James upgraded Enphase Energy’s stock from a ‘market perform’ rating to an ‘outperform’ rating and set a price target of $225.00 in a research note on Monday, March 20. JPMorgan Chase & Co lowered its price target on Enphase Energy to $307.00 from $310.00 in a research note on Wednesday, Feb. 8, setting the stock’s rating to Overweight. Piper Sandler lowered his price target on Enphase Energy stock to $230.00 from $255.00 in a research report on Wednesday, April 26. Finally, BMO Capital Markets lowered its target price for Enphase Energy shares to $275.00 from $286.00 in a research report on Wednesday, April 26th. One research analyst assigned the stock a sell rating, six hold ratings and 22 buy ratings. According to MarketBeat.com data, the consensus rating for the stock is currently “Moderate Buy” with an average target price of $280.48.
Enphase Energy Profile
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Enphase Energy, Inc is a global energy technology company that designs, develops, manufactures and markets micro inverter systems for the photovoltaic industry. The company’s products include the IQ 7 Microinverter series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten & Apps.
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