Tandem Capital Management Corp ADV Raises Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Tandem Capital Management Corp ADV grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 128.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,868 shares of the semiconductor company’s stock after buying an additional 4,991 shares during the period. Tandem Capital Management Corp ADV’s holdings in Enphase Energy were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. CWM LLC increased its position in Enphase Energy by 6.3% during the third quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock worth $485,000 after buying an additional 239 shares during the period. AE Wealth Management LLC raised its position in Enphase Energy by 24.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company’s stock valued at $1,795,000 after purchasing an additional 2,921 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Enphase Energy by 108.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 325 shares during the period. Exchange Traded Concepts LLC grew its position in Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 820 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in Enphase Energy in the third quarter valued at $259,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the stock in a transaction dated 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 transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

ENPH has been the topic of several recent research reports. Barclays boosted their price target on Enphase Energy from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. B. Riley boosted their target price on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley increased their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Canaccord Genuity Group lowered their price objective on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets cut their price objective on shares of Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $141.00.

Enphase Energy Trading Up 0.6 %

NASDAQ:ENPH traded up $0.66 on Thursday, reaching $107.83. The stock had a trading volume of 7,481,769 shares, compared to its average volume of 4,216,611. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 53.47, a P/E/G ratio of 3.24 and a beta of 1.47. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The firm’s fifty day moving average is $118.79 and its two-hundred day moving average is $111.93.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. Equities analysts expect that Enphase Energy, Inc. will post 2.01 EPS for the current fiscal year.

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.