Aigen Investment Management LP Makes New Investment in Enphase Energy, Inc. $ENPH

Aigen Investment Management LP bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,662 shares of the semiconductor company’s stock, valued at approximately $374,000.

Several other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC increased its holdings in shares of Enphase Energy by 2.2% in the fourth quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 260 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Enphase Energy by 5.5% in the third quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 319 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in shares of Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC increased its holdings in shares of Enphase Energy by 19.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 392 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in shares of Enphase Energy by 33.6% in the second quarter. Rakuten Securities Inc. now owns 1,629 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 410 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 4.0%

Shares of NASDAQ:ENPH opened at $52.40 on Tuesday. The stock’s 50-day moving average price is $45.87 and its 200-day moving average price is $41.03. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The stock has a market capitalization of $6.91 billion, a P/E ratio of 51.88 and a beta of 1.59. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

ENPH has been the topic of several research analyst reports. Wall Street Zen raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Oppenheimer reduced their target price on Enphase Energy from $68.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Evercore set a $37.00 target price on Enphase Energy in a research note on Monday, May 4th. Morgan Stanley set a $27.00 target price on Enphase Energy in a research note on Friday, May 8th. Finally, UBS Group set a $85.00 target price on Enphase Energy in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $44.65.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the completion of the acquisition, the chief executive officer owned 1,645,632 shares in the company, valued at approximately $111,080,160. This trade represents a 0.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Mora sold 700 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.20, for a total transaction of $44,940.00. Following the sale, the director owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company insiders.

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.