Stevens Capital Management LP Invests $2.49 Million in Enphase Energy, Inc. (NASDAQ:ENPH)

Stevens Capital Management LP bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,816 shares of the semiconductor company’s stock, valued at approximately $2,486,000. Enphase Energy comprises about 0.6% of Stevens Capital Management LP’s investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after buying an additional 4,078,723 shares during the period. Nordea Investment Management AB boosted its holdings in Enphase Energy by 158.8% during the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after acquiring an additional 501,385 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Enphase Energy by 164.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 355,816 shares of the semiconductor company’s stock valued at $42,751,000 after acquiring an additional 221,281 shares in the last quarter. DNB Asset Management AS grew its position in Enphase Energy by 39.5% in the 4th quarter. DNB Asset Management AS now owns 627,983 shares of the semiconductor company’s stock valued at $82,982,000 after acquiring an additional 177,686 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Enphase Energy by 348.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after purchasing an additional 173,628 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the sale, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,285 shares of company stock valued at $4,054,428. Company insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 3.8 %

Shares of Enphase Energy stock traded up $4.10 during trading hours on Friday, reaching $111.93. 5,821,765 shares of the company’s stock were exchanged, compared to its average volume of 4,236,534. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a fifty day moving average of $118.22 and a 200-day moving average of $111.90.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS 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%. Sell-side analysts forecast that Enphase Energy, Inc. will post 1.95 EPS for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the subject of several recent research reports. Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $134.00 in a research note on Friday. B. Riley raised their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday. Canaccord Genuity Group started coverage on Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price objective on the stock. 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 note on Wednesday. Finally, Wells Fargo & Company lowered their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.58.

Enphase Energy 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.