Private Advisor Group LLC grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,680 shares of the semiconductor company's stock after buying an additional 1,935 shares during the quarter. Private Advisor Group LLC's holdings in Enphase Energy were worth $1,305,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Enphase Energy by 7.4% during the fourth quarter. BlackRock Inc. now owns 14,961,479 shares of the semiconductor company's stock worth $2,737,054,000 after purchasing an additional 1,030,920 shares during the last quarter. Vanguard Group Inc. lifted its stake in Enphase Energy by 0.4% during the first quarter. Vanguard Group Inc. now owns 13,980,361 shares of the semiconductor company's stock worth $2,820,957,000 after purchasing an additional 60,024 shares during the last quarter. Brown Advisory Inc. lifted its stake in Enphase Energy by 22.4% during the first quarter. Brown Advisory Inc. now owns 1,503,239 shares of the semiconductor company's stock worth $302,984,000 after purchasing an additional 275,423 shares during the last quarter. Norges Bank bought a new position in Enphase Energy during the fourth quarter worth $187,827,000. Finally, Clearbridge Investments LLC lifted its stake in Enphase Energy by 86.2% during the first quarter. Clearbridge Investments LLC now owns 801,156 shares of the semiconductor company's stock worth $161,657,000 after purchasing an additional 370,992 shares during the last quarter. 71.22% of the stock is currently owned by hedge funds and other institutional investors.
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Several brokerages have weighed in on ENPH. JPMorgan Chase & Co. increased their target price on Enphase Energy from $261.00 to $321.00 and gave the stock an "overweight" rating in a research report on Monday, August 8th. Guggenheim lowered Enphase Energy from a "buy" rating to a "neutral" rating in a research report on Friday, September 9th. The Goldman Sachs Group increased their target price on Enphase Energy from $290.00 to $328.00 and gave the stock a "buy" rating in a research report on Thursday, September 8th. BMO Capital Markets increased their target price on Enphase Energy from $215.00 to $240.00 in a research report on Friday, June 10th. Finally, Cowen increased their target price on Enphase Energy from $240.00 to $278.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.17.
Enphase Energy Trading Down 0.1 %
NASDAQ:ENPH opened at $277.47 on Friday. The company has a quick ratio of 3.35, a current ratio of 3.62 and a debt-to-equity ratio of 2.66. Enphase Energy, Inc. has a 1-year low of $113.40 and a 1-year high of $324.84. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 194.04, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The stock has a fifty day simple moving average of $289.70 and a 200 day simple moving average of $222.46.Enphase Energy (NASDAQ:ENPH – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. Enphase Energy had a return on equity of 56.60% and a net margin of 11.71%. The business had revenue of $530.20 million during the quarter, compared to analyst estimates of $506.57 million. Sell-side analysts forecast that Enphase Energy, Inc. will post 2.9 earnings per share for the current year.
Insider Activity at Enphase Energy
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,083 shares of Enphase Energy stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $296.52, for a total transaction of $10,699,331.16. Following the transaction, the chief executive officer now owns 1,095,133 shares of the company's stock, valued at approximately $324,728,837.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,083 shares of Enphase Energy stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $296.52, for a total transaction of $10,699,331.16. Following the transaction, the chief executive officer now owns 1,095,133 shares of the company's stock, valued at approximately $324,728,837.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 35,822 shares of Enphase Energy stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $279.21, for a total value of $10,001,860.62. Following the transaction, the director now directly owns 41,456 shares in the company, valued at approximately $11,574,929.76. The disclosure for this sale can be found here. Insiders sold 164,621 shares of company stock worth $48,543,642 in the last quarter. 4.80% of the stock is owned by company insiders.
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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