Grantham Mayo Van Otterloo & Co. LLC Buys 35,751 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,499 shares of the semiconductor company's stock after acquiring an additional 35,751 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.38% of Enphase Energy worth $35,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board raised its position in shares of Enphase Energy by 11.5% during the third quarter. Public Sector Pension Investment Board now owns 5,821 shares of the semiconductor company's stock worth $658,000 after acquiring an additional 600 shares during the last quarter. Investment Management Corp of Ontario increased its position in Enphase Energy by 106.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 6,379 shares of the semiconductor company's stock valued at $721,000 after purchasing an additional 3,294 shares during the period. Royal London Asset Management Ltd. raised its holdings in Enphase Energy by 9.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 56,852 shares of the semiconductor company's stock worth $6,425,000 after purchasing an additional 4,789 shares during the last quarter. Quarry LP acquired a new position in shares of Enphase Energy in the 3rd quarter worth approximately $37,000. Finally, Two Sigma Advisers LP lifted its position in shares of Enphase Energy by 168.3% in the 3rd quarter. Two Sigma Advisers LP now owns 452,009 shares of the semiconductor company's stock worth $51,086,000 after purchasing an additional 283,509 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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Enphase Energy Stock Performance

Shares of Enphase Energy stock traded up $0.20 during trading hours on Friday, hitting $49.76. 1,679,494 shares of the company's stock traded hands, compared to its average volume of 3,973,287. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 67.00 and a beta of 1.94. Enphase Energy, Inc. has a 12-month low of $47.48 and a 12-month high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company has a fifty day simple moving average of $60.74 and a 200-day simple moving average of $71.50.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENPH. Jefferies Financial Group lowered their target price on shares of Enphase Energy from $54.00 to $44.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. TD Cowen lowered their price objective on Enphase Energy from $94.00 to $78.00 and set a "buy" rating for the company in a research report on Friday. BMO Capital Markets cut their target price on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their price target on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Enphase Energy currently has an average rating of "Hold" and a consensus price target of $89.06.

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.