Cavalry Management Group LLC bought a new position in Enphase Energy Inc (NASDAQ:ENPH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,690 shares of the semiconductor company’s stock, valued at approximately $150,000. Enphase Energy makes up about 0.0% of Cavalry Management Group LLC’s holdings, making the stock its 19th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $38,000. Westside Investment Management Inc. raised its holdings in shares of Enphase Energy by 28.4% in the 4th quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock worth $43,000 after buying an additional 1,986 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Enphase Energy by 24.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock worth $60,000 after buying an additional 2,500 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $66,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $102,000. 43.54% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on ENPH. BidaskClub lowered Enphase Energy from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, March 1st. TheStreet upgraded Enphase Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, November 28th. HC Wainwright restated a “buy” rating and set a $12.00 price target (up from $9.00) on shares of Enphase Energy in a research report on Thursday, February 28th. Finally, ValuEngine upgraded Enphase Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Enphase Energy currently has an average rating of “Buy” and a consensus target price of $8.36.

NASDAQ ENPH opened at $9.05 on Friday. The company has a market cap of $962.21 million, a P/E ratio of -75.42 and a beta of 1.46. The company has a debt-to-equity ratio of 21.18, a quick ratio of 1.42 and a current ratio of 1.55. Enphase Energy Inc has a one year low of $3.70 and a one year high of $9.53.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 26th. The semiconductor company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The business had revenue of $92.20 million during the quarter, compared to analysts’ expectations of $85.40 million. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. Analysts forecast that Enphase Energy Inc will post 0.21 earnings per share for the current fiscal year.

In other news, CEO Badrinarayanan Kothandaraman acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $8.74 per share, for a total transaction of $87,400.00. Following the transaction, the chief executive officer now owns 143,839 shares of the company’s stock, valued at $1,257,152.86. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David A. Ranhoff sold 60,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $9.14, for a total value of $548,400.00. The disclosure for this sale can be found here. 13.52% of the stock is currently owned by company insiders.

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Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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