Tandem Capital Management Corp ADV Has $1.17 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Tandem Capital Management Corp ADV boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 128.7% in the fourth quarter, Holdings Channel reports. The firm owned 8,868 shares of the semiconductor company’s stock after acquiring an additional 4,991 shares during the period. Tandem Capital Management Corp ADV’s holdings in Enphase Energy were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENPH. CVA Family Office LLC bought a new position in shares of Enphase Energy during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust lifted its position in Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares during the period. Covestor Ltd boosted its stake in Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares in the last quarter. Blue Trust Inc. increased its holdings in Enphase Energy by 194.6% in the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares during the period. Finally, Twin Lakes Capital Management LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Up 0.6 %

ENPH traded up $0.66 during midday trading on Thursday, reaching $107.83. 7,481,769 shares of the company were exchanged, compared to its average volume of 4,216,611. The stock has a market capitalization of $14.66 billion, a P/E ratio of 53.47, a PEG ratio of 3.24 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The stock’s 50-day simple moving average is $118.79 and its 200 day simple moving average is $111.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. The business 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%. As a group, analysts forecast that Enphase Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction dated Friday, February 9th. The stock was 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 $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ENPH has been the topic of several recent research reports. Susquehanna reiterated a “positive” rating and set a $140.00 target price on shares of Enphase Energy in a research report on Friday, April 5th. BMO Capital Markets dropped their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. Oppenheimer increased their price objective on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a research note on Thursday, January 4th. Three investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.00.

Enphase Energy Company 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.