Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Enphase Energy, Inc. $ENPH

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, HoldingsChannel.com reports. The fund bought 266,502 shares of the semiconductor company’s stock, valued at approximately $8,541,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after buying an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its stake in Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after buying an additional 350 shares in the last quarter. Stance Capital LLC purchased a new stake in Enphase Energy in the third quarter worth approximately $32,000. Activest Wealth Management boosted its stake in Enphase Energy by 52,000.0% in the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,040 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Enphase Energy in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $46.76 on Wednesday. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.16 billion, a PE ratio of 46.30 and a beta of 1.26. The business has a 50 day moving average of $38.17 and a 200 day moving average of $36.69. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $53.89.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.28 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, equities research analysts forecast that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Oppenheimer cut their target price on Enphase Energy from $68.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Evercore set a $37.00 price objective on Enphase Energy in a research note on Monday, May 4th. Susquehanna dropped their price objective on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Wall Street Zen raised Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Enphase Energy from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.68.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 137,250 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the completion of the transaction, the director owned 1,597,641 shares in the company, valued at $69,673,124.01. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.