Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 51.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,791 shares of the semiconductor company's stock after purchasing an additional 34,401 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Enphase Energy worth $10,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $26,000. Manchester Capital Management LLC grew its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 203 shares during the last quarter. Chilton Capital Management LLC increased its position in shares of Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 246 shares in the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy during the 1st quarter valued at $35,000. Finally, Addison Advisors LLC boosted its position in shares of Enphase Energy by 1,447.6% in the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

Enphase Energy Price Performance

ENPH stock traded down $0.73 during midday trading on Friday, reaching $116.39. The stock had a trading volume of 1,396,506 shares, compared to its average volume of 4,066,655. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company's fifty day simple moving average is $110.74 and its 200 day simple moving average is $115.35. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 5.59 and a beta of 1.71.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business had revenue of $303.80 million during the quarter, compared to analysts' expectations of $309.73 million. During the same period in the prior year, the business posted $1.16 earnings per share. The business's quarterly revenue was down 57.3% on a year-over-year basis. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ENPH shares. Glj Research began coverage on Enphase Energy in a research note on Tuesday, June 25th. They issued a "sell" rating and a $45.82 price target for the company. Truist Financial lowered their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. Oppenheimer upped their target price on Enphase Energy from $133.00 to $134.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Canaccord Genuity Group reduced their price target on shares of Enphase Energy from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Finally, Bank of America decreased their price objective on shares of Enphase Energy from $71.00 to $70.00 and set an "underperform" rating for the company in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $128.96.

Insider Transactions at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares of the company's stock, valued at $13,306,133.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total value of $40,429,624.78. Following the sale, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the firm's stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the sale, the executive vice president now directly owns 107,943 shares of the company's stock, valued at $13,306,133.61. 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.