Two Sigma Securities LLC acquired a new position in shares of Enphase Energy Inc (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,275 shares of the semiconductor company’s stock, valued at approximately $107,000. Two Sigma Securities LLC owned approximately 0.05% of Enphase Energy as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Enphase Energy during the 4th quarter worth about $128,000. Divisar Capital Management LLC lifted its holdings in Enphase Energy by 28.1% during the 4th quarter. Divisar Capital Management LLC now owns 1,680,106 shares of the semiconductor company’s stock worth $4,049,000 after purchasing an additional 368,907 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Enphase Energy during the 4th quarter worth about $302,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Enphase Energy during the 4th quarter worth about $321,000. Finally, Geode Capital Management LLC lifted its holdings in Enphase Energy by 33.2% during the 4th quarter. Geode Capital Management LLC now owns 369,816 shares of the semiconductor company’s stock worth $891,000 after purchasing an additional 92,084 shares in the last quarter. 26.72% of the stock is currently owned by institutional investors and hedge funds.
Enphase Energy stock opened at $4.71 on Thursday. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30. Enphase Energy Inc has a one year low of $0.65 and a one year high of $4.97.
Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $79.67 million for the quarter, compared to analyst estimates of $75.91 million. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 15.79%. equities research analysts predict that Enphase Energy Inc will post -0.02 EPS for the current year.
A number of brokerages have weighed in on ENPH. Zacks Investment Research lowered Enphase Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub upgraded Enphase Energy from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Roth Capital upgraded Enphase Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $2.40 to $5.00 in a research note on Wednesday, February 28th. Finally, Oppenheimer restated a “buy” rating on shares of Enphase Energy in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $3.05.
In other news, CFO Humberto Garcia sold 16,375 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.75, for a total transaction of $45,031.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 40,000 shares of Enphase Energy stock in a transaction dated Thursday, March 1st. The shares were purchased at an average price of $3.32 per share, for a total transaction of $132,800.00. Following the completion of the transaction, the chief executive officer now directly owns 80,677 shares in the company, valued at approximately $267,847.64. The disclosure for this purchase can be found here. Insiders have sold a total of 96,537 shares of company stock worth $351,934 over the last quarter. Corporate insiders own 15.92% of the company’s stock.
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Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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