Susquehanna Fundamental Investments LLC Invests $8.22 Million in Enphase Energy, Inc. (NASDAQ:ENPH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 119,732 shares of the semiconductor company’s stock, valued at approximately $8,223,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Enphase Energy at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ENPH. Venturi Wealth Management LLC raised 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 purchasing an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy during the 4th quarter worth approximately $47,000. GeoWealth Management LLC boosted its holdings in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 321 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in Enphase Energy in the fourth quarter valued at approximately $69,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction that occurred on 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 approximately $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $46.83 on Monday. The firm has a 50-day moving average price of $57.84 and a 200-day moving average price of $66.80. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. Enphase Energy, Inc. has a twelve month low of $44.83 and a twelve month high of $141.63. 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 (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ENPH shares. BMO Capital Markets decreased their price target on shares of Enphase Energy from $59.00 to $46.00 and set a “market perform” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler decreased their target price on shares of Enphase Energy from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a “sell” rating and issued a $33.00 price target on shares of Enphase Energy in a research report on Wednesday, April 23rd. Citigroup reissued a “sell” rating and set a $47.00 price objective on shares of Enphase Energy in a report on Thursday, April 17th. Finally, Jefferies Financial Group dropped their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.54.

About Enphase Energy

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.