Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,722 shares of the semiconductor company’s stock after purchasing an additional 1,241 shares during the period. Dark Forest Capital Management LP’s holdings in Enphase Energy were worth $371,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SCP Investment LP purchased a new stake in Enphase Energy during the fourth quarter worth approximately $355,000. Steward Partners Investment Advisory LLC increased its holdings in Enphase Energy by 28.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,342 shares of the semiconductor company’s stock valued at $1,631,000 after purchasing an additional 2,721 shares in the last quarter. Stifel Financial Corp raised its position in Enphase Energy by 25.0% in the fourth quarter. Stifel Financial Corp now owns 101,140 shares of the semiconductor company’s stock valued at $13,365,000 after purchasing an additional 20,247 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 336 shares in the last quarter. Finally, Rathbones Group PLC boosted its position in shares of Enphase Energy by 28.4% in the fourth quarter. Rathbones Group PLC now owns 29,671 shares of the semiconductor company’s stock worth $3,921,000 after buying an additional 6,557 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ENPH. Bank of America dropped their target price on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. Royal Bank of Canada reduced their target price on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets raised their price target on shares of Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. William Blair initiated coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating on the stock. Finally, Piper Sandler raised their target price on Enphase Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.89.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $115.00 on Friday. The firm’s 50 day moving average is $113.43 and its two-hundred day moving average is $114.14. The firm has a market capitalization of $15.65 billion, a P/E ratio of 59.90, a PEG ratio of 6.19 and a beta of 1.72. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. During the same period in the previous year, the firm earned $1.16 EPS. The firm’s revenue was down 57.3% on a year-over-year basis. Analysts anticipate that Enphase Energy, Inc. will post 1.19 earnings per share for the current year.

About Enphase Energy

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.