Van ECK Associates Corp Boosts Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Van ECK Associates Corp increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 30.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,743 shares of the semiconductor company's stock after purchasing an additional 19,853 shares during the quarter. Van ECK Associates Corp owned 0.06% of Enphase Energy worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ENPH. Donoghue Forlines LLC raised its stake in Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company's stock valued at $258,000 after buying an additional 90 shares during the last quarter. Fermata Advisors LLC lifted its holdings in Enphase Energy by 1.4% in the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company's stock valued at $855,000 after acquiring an additional 100 shares during the period. Hollencrest Capital Management lifted its holdings in Enphase Energy by 3.3% in the first quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company's stock valued at $374,000 after acquiring an additional 100 shares during the period. Crossmark Global Holdings Inc. boosted its position in Enphase Energy by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company's stock worth $557,000 after purchasing an additional 106 shares during the last quarter. Finally, VitalStone Financial LLC grew its stake in shares of Enphase Energy by 14.3% during the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 111 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENPH has been the topic of a number of research reports. Roth Mkm reissued a "buy" rating and issued a $140.00 price objective on shares of Enphase Energy in a report on Wednesday, July 24th. Canaccord Genuity Group dropped their price target on shares of Enphase Energy from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Susquehanna upped their price objective on Enphase Energy from $140.00 to $147.00 and gave the stock a "positive" rating in a research note on Monday, July 15th. Craig Hallum lifted their target price on Enphase Energy from $147.00 to $153.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Finally, HSBC raised Enphase Energy from a "hold" rating to a "buy" rating and set a $166.00 price target for the company in a report on Monday, June 10th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $128.76.

Insider Activity at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm's stock in a transaction dated Monday, June 17th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is currently owned by insiders.

Enphase Energy Price Performance

ENPH stock traded down $8.13 during trading on Tuesday, hitting $112.91. 2,353,240 shares of the company's stock traded hands, compared to its average volume of 3,933,931. The business has a fifty day simple moving average of $110.81 and a 200 day simple moving average of $115.67. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 58.81, a P/E/G ratio of 6.22 and a beta of 1.71.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released 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). The company had revenue of $303.80 million during the quarter, compared to analysts' expectations of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The company's revenue was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, research analysts expect that Enphase Energy, Inc. will post 1.23 EPS for the current fiscal 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.