Syon Capital LLC Buys Shares of 4,770 Enphase Energy, Inc. (NASDAQ:ENPH)

Syon Capital LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,770 shares of the semiconductor company’s stock, valued at approximately $630,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in Enphase Energy in the fourth quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its holdings in shares of Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 176 shares in the last quarter. Covestor Ltd increased its holdings in shares of Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 133 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 218 shares in the last quarter. Finally, Twin Lakes Capital Management LLC bought a new stake in shares of Enphase Energy during the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ENPH has been the topic of several analyst reports. TD Cowen lifted their target price on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group cut Enphase Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $111.00 in a research report on Wednesday. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price objective on the stock. in a research report on Wednesday. Finally, Royal Bank of Canada cut their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.58.

Enphase Energy Price Performance

NASDAQ ENPH traded up $4.10 during trading on Friday, reaching $111.93. The company’s stock had a trading volume of 5,702,982 shares, compared to its average volume of 4,235,068. The stock has a market capitalization of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.16 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The firm has a fifty day moving average of $118.22 and a 200 day moving average of $111.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Analysts expect that Enphase Energy, Inc. will post 1.95 EPS for the current fiscal 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.