New York State Teachers Retirement System Sells 11,700 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

New York State Teachers Retirement System lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 8.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,346 shares of the semiconductor company's stock after selling 11,700 shares during the period. New York State Teachers Retirement System owned 0.09% of Enphase Energy worth $12,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENPH. Bogart Wealth LLC bought a new position in shares of Enphase Energy during the 4th quarter valued at about $26,000. Manchester Capital Management LLC boosted its position in shares of Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC boosted its position in shares of Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy during the 1st quarter valued at about $35,000. Finally, Addison Advisors LLC lifted its stake in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock valued at $43,000 after buying an additional 304 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the transaction, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Thurman J. Rodgers sold 319,526 shares of the business's stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the transaction, the director now owns 1,984,562 shares of the company's stock, valued at $251,106,629.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the business's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the transaction, the executive vice president now directly owns 107,943 shares in the company, valued at approximately $13,306,133.61. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Enphase Energy from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. Susquehanna upped their price objective on shares of Enphase Energy from $140.00 to $147.00 and gave the company a "positive" rating in a research note on Monday, July 15th. Guggenheim upped their price objective on shares of Enphase Energy from $92.00 to $93.00 and gave the company a "sell" rating in a research note on Wednesday, July 24th. Piper Sandler upped their price objective on shares of Enphase Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Finally, Glj Research assumed coverage on shares of Enphase Energy in a research note on Tuesday, June 25th. They set a "sell" rating and a $45.82 price objective for the company. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $128.76.

Enphase Energy Stock Up 6.5 %

NASDAQ:ENPH traded up $7.51 during mid-day trading on Friday, reaching $123.00. The stock had a trading volume of 2,729,010 shares, compared to its average volume of 3,996,939. The business's 50 day moving average is $109.59 and its 200 day moving average is $116.01. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The stock has a market cap of $16.74 billion, a P/E ratio of 64.06, a PEG ratio of 5.59 and a beta of 1.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. During the same quarter last year, the business earned $1.16 EPS. The company's revenue for the quarter 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 year.

Enphase Energy Company 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.