Vestmark Advisory Solutions Inc. grew its position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 42.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,932 shares of the semiconductor company’s stock after acquiring an additional 573 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Enphase Energy were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. GHP Investment Advisors Inc. acquired a new position in Enphase Energy during the 2nd quarter valued at approximately $26,000. Glassman Wealth Services boosted its position in Enphase Energy by 55.1% during the 2nd quarter. Glassman Wealth Services now owns 138 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 49 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Enphase Energy during the 3rd quarter worth $28,000. KB Financial Partners LLC acquired a new position in Enphase Energy during the 1st quarter worth $28,000. Finally, Zions Bancorporation N.A. boosted its position in Enphase Energy by 105.6% during the 2nd quarter. Zions Bancorporation N.A. now owns 148 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on ENPH. Daiwa Capital Markets assumed coverage on Enphase Energy in a research report on Friday, December 23rd. They set an “outperform” rating and a $335.00 price target for the company. Northland Securities upgraded Enphase Energy from a “market perform” rating to an “outperform” rating and set a $365.00 price objective for the company in a report on Monday, December 19th. Cowen boosted their target price on Enphase Energy from $278.00 to $335.00 in a research report on Wednesday, October 26th. Barclays upped their price target on Enphase Energy from $292.00 to $311.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 26th. Finally, OTR Global lowered Enphase Energy to a “positive” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.35.
Enphase Energy Trading Down 3.9 %
Enphase Energy stock opened at $219.47 on Wednesday. Enphase Energy, Inc. has a 52 week low of $113.97 and a 52 week high of $339.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 3.34 and a current ratio of 3.60. The stock has a market capitalization of $29.83 billion, a P/E ratio of 105.51, a PEG ratio of 1.16 and a beta of 1.38. The stock has a 50-day simple moving average of $284.94 and a 200 day simple moving average of $278.47.
Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. Enphase Energy had a return on equity of 76.66% and a net margin of 14.67%. The company had revenue of $634.71 million during the quarter, compared to analysts’ expectations of $616.50 million. Analysts expect that Enphase Energy, Inc. will post 3.18 earnings per share for the current year.
Insider Activity at Enphase Energy
In related news, CEO Badrinarayanan Kothandaraman sold 82,347 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $317.48, for a total value of $26,143,525.56. Following the completion of the sale, the chief executive officer now directly owns 1,167,786 shares in the company, valued at $370,748,699.28. The sale was disclosed in a filing with the SEC, which is available at this link. In other Enphase Energy news, EVP David A. Ranhoff sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $303.43, for a total transaction of $2,275,725.00. Following the completion of the transaction, the executive vice president now directly owns 85,402 shares in the company, valued at $25,913,528.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman sold 82,347 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $317.48, for a total transaction of $26,143,525.56. Following the transaction, the chief executive officer now owns 1,167,786 shares of the company’s stock, valued at $370,748,699.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,128 shares of company stock worth $63,385,815. Company insiders own 4.80% of the company’s stock.
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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