Vanguard Group Inc. Purchases 44,782 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Vanguard Group Inc. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,536,218 shares of the semiconductor company's stock after buying an additional 44,782 shares during the period. Vanguard Group Inc. owned approximately 12.24% of Enphase Energy worth $1,135,707,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP bought a new position in Enphase Energy during the 3rd quarter valued at about $37,000. Brooklyn Investment Group bought a new position in Enphase Energy during the third quarter valued at approximately $55,000. Venturi Wealth Management LLC boosted its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 509 shares during the last quarter. Avior Wealth Management LLC grew its position in 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 purchasing an additional 762 shares during the period. Finally, Rakuten Securities Inc. raised its stake in Enphase Energy by 116.4% during the 4th quarter. Rakuten Securities Inc. now owns 1,435 shares of the semiconductor company's stock valued at $99,000 after buying an additional 772 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. OTR Global upgraded Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. BMO Capital Markets dropped 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 reduced their price target on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Enphase Energy from $77.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $90.36.

Enphase Energy Price Performance

NASDAQ:ENPH traded up $0.54 during trading hours on Wednesday, reaching $62.93. The stock had a trading volume of 418,545 shares, compared to its average volume of 3,945,352. The stock has a market capitalization of $8.34 billion, a PE ratio of 84.96 and a beta of 2.12. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The company has a 50 day moving average price of $62.20 and a two-hundred day moving average price of $74.79. 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 (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

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.