1,398 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,398 shares of the semiconductor company’s stock, valued at approximately $96,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth $34,000. Quarry LP acquired a new position in Enphase Energy during the third quarter worth $37,000. Venturi Wealth Management LLC grew its holdings in shares of Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 509 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Enphase Energy during the third quarter worth about $55,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This trade represents 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ENPH shares. Barclays cut their price target on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company lowered their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Craig Hallum cut their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Susquehanna lowered their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Down 4.2 %

Shares of NASDAQ ENPH opened at $60.15 on Thursday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market cap of $7.97 billion, a P/E ratio of 81.28 and a beta of 2.12. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The business has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $76.27.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating 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 anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

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.