Yousif Capital Management LLC Buys 23,857 Shares of Enphase Energy, Inc. $ENPH

Yousif Capital Management LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 142.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,653 shares of the semiconductor company’s stock after acquiring an additional 23,857 shares during the period. Yousif Capital Management LLC’s holdings in Enphase Energy were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ENPH. ProShare Advisors LLC grew its stake in Enphase Energy by 29.4% in the 2nd quarter. ProShare Advisors LLC now owns 55,319 shares of the semiconductor company’s stock worth $2,193,000 after acquiring an additional 12,577 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Enphase Energy by 74.8% in the 2nd quarter. Quantbot Technologies LP now owns 91,084 shares of the semiconductor company’s stock worth $3,611,000 after buying an additional 38,982 shares during the period. Natixis grew its position in shares of Enphase Energy by 46.7% during the 2nd quarter. Natixis now owns 215,023 shares of the semiconductor company’s stock worth $8,526,000 after buying an additional 68,472 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Enphase Energy by 12.3% during the first quarter. Raymond James Financial Inc. now owns 137,044 shares of the semiconductor company’s stock valued at $8,504,000 after buying an additional 15,060 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Enphase Energy in the first quarter valued at about $1,689,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

ENPH opened at $32.19 on Wednesday. The company has a market cap of $4.21 billion, a P/E ratio of 22.20 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $31.04 and its 200-day moving average price is $35.09. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $76.90.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.30. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company had revenue of $410.43 million during the quarter, compared to analysts’ expectations of $364.64 million. During the same period last year, the business earned $0.65 EPS. Enphase Energy’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the stock in a transaction on Monday, November 10th. The stock was bought at an average price of $30.69 per share, with a total value of $153,450.00. Following the transaction, the chief executive officer owned 1,635,632 shares in the company, valued at $50,197,546.08. The trade was a 0.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mandy Yang sold 6,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $33.01, for a total value of $198,060.00. Following the sale, the executive vice president owned 68,987 shares in the company, valued at approximately $2,277,260.87. The trade was a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $41.00 price objective on shares of Enphase Energy in a research note on Monday, September 29th. Susquehanna set a $33.00 target price on Enphase Energy in a research report on Thursday, October 30th. Citigroup reduced their price target on Enphase Energy from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Wednesday, October 29th. Glj Research raised their price objective on Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a research report on Tuesday, September 23rd. Finally, Evercore ISI set a $33.00 target price on Enphase Energy in a research note on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $40.57.

Enphase Energy 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.