Polianta Ltd acquired a new stake in Enphase Energy Inc (NASDAQ:ENPH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,900 shares of the semiconductor company’s stock, valued at approximately $864,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in ENPH. Alps Advisors Inc. raised its position in Enphase Energy by 106.9% during the second quarter. Alps Advisors Inc. now owns 148,820 shares of the semiconductor company’s stock worth $2,713,000 after acquiring an additional 76,899 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in Enphase Energy by 30.5% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,514,342 shares of the semiconductor company’s stock worth $41,667,000 after acquiring an additional 1,053,833 shares during the last quarter. LPL Financial LLC raised its position in Enphase Energy by 116.8% during the second quarter. LPL Financial LLC now owns 85,497 shares of the semiconductor company’s stock worth $1,559,000 after acquiring an additional 46,057 shares during the last quarter. Atika Capital Management LLC acquired a new position in Enphase Energy during the second quarter worth about $5,468,000. Finally, Castleark Management LLC acquired a new position in Enphase Energy during the second quarter worth about $6,320,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.
In other news, Director Richard Mora sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $31.03, for a total value of $1,861,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David A. Ranhoff sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the transaction, the vice president now directly owns 767,297 shares of the company’s stock, valued at approximately $22,443,437.25. The disclosure for this sale can be found here. In the last three months, insiders sold 107,500 shares of company stock valued at $3,174,900. Company insiders own 12.46% of the company’s stock.
A number of brokerages have issued reports on ENPH. Deutsche Bank upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $120.00 in a research report on Wednesday, July 31st. ValuEngine cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Roth Capital lifted their target price on shares of Enphase Energy from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BidaskClub upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley restated a “buy” rating and set a $21.00 target price on shares of Enphase Energy in a research report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Enphase Energy presently has a consensus rating of “Hold” and an average price target of $33.95.
Shares of NASDAQ:ENPH traded down $0.17 during trading on Wednesday, reaching $24.08. The stock had a trading volume of 1,227,048 shares, compared to its average volume of 3,510,073. The business has a fifty day moving average price of $26.77 and a 200-day moving average price of $19.30. The company has a quick ratio of 2.30, a current ratio of 2.44 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.90 billion, a P/E ratio of -200.67 and a beta of 0.85. Enphase Energy Inc has a fifty-two week low of $4.06 and a fifty-two week high of $35.42.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. The business had revenue of $134.09 million during the quarter, compared to analyst estimates of $120.36 million. Enphase Energy had a net margin of 2.63% and a return on equity of 31.17%. The company’s revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share. As a group, equities analysts forecast that Enphase Energy Inc will post 0.55 EPS for the current year.
Enphase Energy Profile
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.
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