Lmcg Investments LLC Purchases 24,925 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Lmcg Investments LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 48.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,885 shares of the semiconductor company’s stock after purchasing an additional 24,925 shares during the quarter. Lmcg Investments LLC’s holdings in Enphase Energy were worth $4,771,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Leibman Financial Services Inc. grew its stake in shares of Enphase Energy by 1.0% during the 1st quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company’s stock valued at $1,829,000 after acquiring an additional 305 shares during the period. RFG Advisory LLC purchased a new stake in Enphase Energy in the 1st quarter worth approximately $342,000. Merit Financial Group LLC purchased a new stake in Enphase Energy in the 1st quarter worth approximately $209,000. Green Alpha Advisors LLC increased its holdings in Enphase Energy by 51.4% in the 1st quarter. Green Alpha Advisors LLC now owns 10,035 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 3,409 shares in the last quarter. Finally, Czech National Bank increased its holdings in Enphase Energy by 3.9% in the 1st quarter. Czech National Bank now owns 30,436 shares of the semiconductor company’s stock worth $1,889,000 after acquiring an additional 1,142 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,598,696 shares in the company, valued at $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Enphase Energy from $44.00 to $37.00 and set an “underperform” rating for the company in a report on Wednesday, April 23rd. Mizuho reduced their target price on shares of Enphase Energy from $61.00 to $53.00 and set an “outperform” rating for the company in a report on Monday. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, May 13th. Barclays lowered shares of Enphase Energy from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $51.00 to $40.00 in a report on Tuesday, May 13th. Finally, Oppenheimer set a $84.00 target price on shares of Enphase Energy and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.45.

Enphase Energy Stock Down 1.3%

NASDAQ ENPH opened at $43.16 on Thursday. The company has a market capitalization of $5.66 billion, a P/E ratio of 58.33 and a beta of 1.80. The stock has a 50 day moving average price of $48.55 and a 200-day moving average price of $59.96. Enphase Energy, Inc. has a one year low of $37.59 and a one year high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

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.