TAP Consulting LLC Acquires 485 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

TAP Consulting LLC lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,383 shares of the semiconductor company’s stock after buying an additional 485 shares during the quarter. TAP Consulting LLC’s holdings in Enphase Energy were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. CVA Family Office LLC bought a new stake in Enphase Energy during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust raised its holdings in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares during the last quarter. Covestor Ltd raised its holdings in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 133 shares during the last quarter. Blue Trust Inc. raised its holdings in Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 218 shares during the last quarter. Finally, Twin Lakes Capital Management LLC bought a new stake in Enphase Energy during the 3rd quarter worth about $48,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 3.8 %

Shares of NASDAQ ENPH traded up $4.10 during trading hours on Friday, hitting $111.93. The company had a trading volume of 5,824,204 shares, compared to its average volume of 4,236,534. The stock has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The firm’s 50 day moving average is $118.22 and its 200-day moving average is $111.90.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data 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 the consensus estimate of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, analysts expect that Enphase Energy, Inc. will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank of Canada dropped their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a research note on Wednesday. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target for the company. in a research note on Wednesday. TD Cowen upped their price target on Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lowered their price target on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $141.58.

Insider Activity

In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction 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 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 can be accessed through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of the 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 completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by insiders.

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.