Global Retirement Partners LLC raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the semiconductor company's stock after acquiring an additional 127 shares during the period. Global Retirement Partners LLC's holdings in Enphase Energy were worth $146,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ENPH. Rockefeller Capital Management L.P. increased its position in shares of Enphase Energy by 327.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,597 shares of the semiconductor company's stock valued at $1,755,000 after purchasing an additional 7,350 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Enphase Energy during the 4th quarter valued at $298,000. Blair William & Co. IL increased its position in shares of Enphase Energy by 34.1% during the 4th quarter. Blair William & Co. IL now owns 2,081 shares of the semiconductor company's stock valued at $381,000 after purchasing an additional 529 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Enphase Energy by 18.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,934 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 302 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Enphase Energy by 12.8% during the 4th quarter. LPL Financial LLC now owns 79,989 shares of the semiconductor company's stock valued at $14,633,000 after purchasing an additional 9,085 shares during the last quarter. 71.22% of the stock is currently owned by institutional investors.
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Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. B. Riley raised their target price on Enphase Energy from $171.00 to $217.00 in a research report on Wednesday, July 27th. KeyCorp raised their target price on Enphase Energy from $230.00 to $363.00 and gave the company an "overweight" rating in a research report on Thursday, August 11th. Susquehanna Bancshares lifted their price objective on Enphase Energy from $250.00 to $260.00 and gave the stock a "positive" rating in a report on Wednesday, July 27th. Guggenheim lowered Enphase Energy from a "buy" rating to a "neutral" rating in a report on Friday, September 9th. Finally, Needham & Company LLC lifted their price objective on Enphase Energy from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $273.17.
Insider Activity
In other news, CEO Badrinarayanan Kothandaraman sold 82,835 shares of Enphase Energy stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $301.02, for a total transaction of $24,934,991.70. Following the completion of the sale, the chief executive officer now owns 1,131,216 shares in the company, valued at approximately $340,518,640.32. The sale was disclosed in a filing with the SEC, which is accessible through
this hyperlink. In related news, CEO Badrinarayanan Kothandaraman sold 82,835 shares of the business's stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $301.02, for a total value of $24,934,991.70. Following the completion of the sale, the chief executive officer now owns 1,131,216 shares in the company, valued at approximately $340,518,640.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
this link. Also, Director Steven J. Gomo sold 35,822 shares of the business's stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $279.21, for a total value of $10,001,860.62. Following the completion of the sale, the director now owns 41,456 shares of the company's stock, valued at approximately $11,574,929.76. The disclosure for this sale can be found
here. In the last 90 days, insiders sold 164,621 shares of company stock worth $48,543,642. 4.80% of the stock is currently owned by insiders.
Enphase Energy Stock Performance
Shares of ENPH opened at $284.81 on Wednesday. The company has a market cap of $38.58 billion, a PE ratio of 199.17, a price-to-earnings-growth ratio of 2.04 and a beta of 1.51. The company has a current ratio of 3.62, a quick ratio of 3.35 and a debt-to-equity ratio of 2.66. The stock has a 50-day moving average price of $285.75 and a 200-day moving average price of $220.03. Enphase Energy, Inc. has a 12-month low of $113.40 and a 12-month high of $324.84.
Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The firm had revenue of $530.20 million during the quarter, compared to the consensus estimate of $506.57 million. Enphase Energy had a return on equity of 56.60% and a net margin of 11.71%. As a group, equities analysts forecast that Enphase Energy, Inc. will post 2.9 earnings per share for the current fiscal year.
Enphase Energy Company Profile
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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 services.
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