Mizuho Markets Cayman LP Boosts Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Markets Cayman LP grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 118.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,153 shares of the semiconductor company’s stock after acquiring an additional 6,050 shares during the quarter. Enphase Energy comprises about 1.7% of Mizuho Markets Cayman LP’s portfolio, making the stock its 11th biggest position. Mizuho Markets Cayman LP’s holdings in Enphase Energy were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ENPH. Avior Wealth Management LLC grew its stake in Enphase Energy by 6,975.0% in 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 last quarter. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter valued at about $34,000. Quarry LP bought a new stake in shares of Enphase Energy in the 3rd quarter valued at about $37,000. Venturi Wealth Management LLC grew its position in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Enphase Energy during the 3rd quarter worth approximately $55,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the 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 transaction, the director now directly 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 disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Enphase Energy Stock Down 0.2 %

ENPH stock opened at $61.54 on Friday. Enphase Energy, Inc. has a one year low of $51.63 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. The firm’s fifty day moving average is $62.60 and its 200 day moving average is $77.31. The firm has a market cap of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENPH shares. 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 research note on Wednesday, February 5th. Barclays dropped their target price on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Glj Research reissued a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $90.42.

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.