Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,557,865 shares of the semiconductor company's stock after purchasing an additional 1,378,978 shares during the quarter. Invesco Ltd. owned approximately 3.37% of Enphase Energy worth $313,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Enphase Energy in the 3rd quarter valued at about $37,000. Venturi Wealth Management LLC lifted its holdings in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $47,000. Sava Infond d.o.o. acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $69,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENPH. Barclays decreased their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Truist Financial restated a "hold" rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Enphase Energy from $77.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Citigroup lowered shares of Enphase Energy from a "neutral" rating to a "negative" rating in a report on Wednesday, March 26th. Finally, Glj Research reiterated a "sell" rating and set a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Enphase Energy has an average rating of "Hold" and a consensus price target of $89.79.

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Enphase Energy Price Performance

Shares of ENPH opened at $54.13 on Thursday. The firm has a market cap of $7.17 billion, a PE ratio of 73.15 and a beta of 1.94. The firm's 50 day moving average price is $61.03 and its 200 day moving average price is $71.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a twelve month low of $47.48 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares of the company's stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Enphase Energy Profile

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.

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