Hollencrest Capital Management Purchases 500 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Hollencrest Capital Management increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,385 shares of the semiconductor company’s stock after acquiring an additional 500 shares during the quarter. Hollencrest Capital Management’s holdings in Enphase Energy were worth $232,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ENPH. Baillie Gifford & Co. increased its holdings in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the period. Nordea Investment Management AB increased its holdings in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after purchasing an additional 1,258,778 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares during the period. Aspex Management HK Ltd bought a new position in shares of Enphase Energy during the 3rd quarter worth about $48,442,000. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of Enphase Energy by 93.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after purchasing an additional 424,327 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENPH. Citigroup boosted their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. TD Cowen reduced their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group dropped their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Barclays dropped their price target on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $90.42.

Insider Buying and Selling at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH opened at $58.48 on Thursday. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The firm has a fifty day simple moving average of $64.15 and a 200 day simple moving average of $80.39. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 79.03 and a beta of 2.12. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Research analysts forecast that Enphase Energy, Inc. will post 2.08 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.