Donoghue Forlines LLC Purchases 350 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Donoghue Forlines LLC boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,303 shares of the semiconductor company’s stock after buying an additional 350 shares during the period. Donoghue Forlines LLC’s holdings in Enphase Energy were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Enphase Energy during the first quarter valued at approximately $4,012,000. Chilton Capital Management LLC lifted its stake in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. RPG Investment Advisory LLC lifted its stake in shares of Enphase Energy by 2.2% in the 1st quarter. RPG Investment Advisory LLC now owns 49,680 shares of the semiconductor company’s stock valued at $6,010,000 after purchasing an additional 1,087 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in shares of Enphase Energy by 5.5% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 49,679 shares of the semiconductor company’s stock valued at $6,011,000 after purchasing an additional 2,586 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in shares of Enphase Energy by 1.4% in the 1st quarter. KCM Investment Advisors LLC now owns 8,987 shares of the semiconductor company’s stock valued at $1,087,000 after purchasing an additional 125 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 0.4 %

Shares of Enphase Energy stock traded up $0.43 during trading on Tuesday, reaching $113.49. The company’s stock had a trading volume of 1,536,901 shares, compared to its average volume of 4,098,011. The company has a 50-day simple moving average of $115.68 and a two-hundred day simple moving average of $116.01. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 57.96, a P/E/G ratio of 4.91 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. As a group, equities analysts forecast that Enphase Energy, Inc. will post 1.43 earnings per share for the current year.

Insider Activity

In related news, CFO Mandy Yang acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, with a total value of $416,960.00. Following the acquisition, the chief financial officer now directly owns 62,973 shares in the company, valued at approximately $6,564,305.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Mandy Yang acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, with a total value of $416,960.00. Following the acquisition, the chief financial officer now directly owns 62,973 shares in the company, valued at approximately $6,564,305.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the transaction, the executive vice president now directly owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The disclosure for this sale can be found here. Insiders sold a total of 344,526 shares of company stock valued at $43,139,775 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ENPH has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Craig Hallum lowered their price objective on Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Jefferies Financial Group lowered Enphase Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $111.00 in a research note on Wednesday, April 24th. Finally, Oppenheimer increased their price target on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and a consensus price target of $130.77.

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.