Rakuten Securities Inc. Acquires 772 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Rakuten Securities Inc. increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 116.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,435 shares of the semiconductor company’s stock after acquiring an additional 772 shares during the period. Rakuten Securities Inc.’s holdings in Enphase Energy were worth $99,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ENPH. Avior Wealth Management LLC grew its holdings in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. Stone House Investment Management LLC bought a new stake in Enphase Energy during the third quarter valued at about $34,000. Quarry LP bought a new stake in Enphase Energy during the third quarter valued at about $37,000. Venturi Wealth Management LLC grew its holdings in 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. Finally, Brooklyn Investment Group bought a new stake in Enphase Energy during the third quarter valued at about $55,000. Institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ENPH. Wells Fargo & Company cut their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Craig Hallum lowered their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley dropped their price objective on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Susquehanna dropped their price objective on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Northland Securities dropped their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average price target of $90.42.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, 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 3.40% of the company’s stock.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $58.48 on Thursday. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 79.03 and a beta of 2.12. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The business has a 50 day simple moving average of $64.15 and a 200-day simple moving average of $80.39. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.