Bridgefront Capital LLC Buys New Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Bridgefront Capital LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,144 shares of the semiconductor company’s stock, valued at approximately $216,000.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in Enphase Energy by 318.1% in 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. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Enphase Energy in the fourth quarter valued at about $47,000. GeoWealth Management LLC grew its stake in shares of Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 321 shares during the period. Sava Infond d.o.o. acquired a new stake in Enphase Energy during the fourth quarter worth $69,000. Finally, Avior Wealth Management LLC raised its holdings in Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 762 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer now owns 1,598,696 shares of the company’s stock, valued at $74,099,559.60. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Enphase Energy Stock Up 12.1 %

ENPH stock opened at $49.03 on Friday. The company’s 50 day simple moving average is $54.77 and its 200-day simple moving average is $64.15. The firm has a market capitalization of $6.43 billion, a PE ratio of 66.26 and a beta of 1.80. 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, Inc. has a 12 month low of $43.09 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Glj Research decreased their price target on Enphase Energy from $50.69 to $31.11 and set a “sell” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group dropped their price objective on shares of Enphase Energy from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group decreased their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. Finally, Citigroup reiterated a “sell” rating and set a $47.00 price target on shares of Enphase Energy in a research note on Thursday, April 17th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.54.

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.