Van Hulzen Asset Management LLC Acquires Shares of 6,560 Enphase Energy, Inc. (NASDAQ:ENPH)

Van Hulzen Asset Management LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,560 shares of the semiconductor company’s stock, valued at approximately $1,324,000.

Other institutional investors have also bought and sold shares of the company. Elequin Capital LP bought a new position in Enphase Energy during the first quarter valued at $26,000. AlphaCentric Advisors LLC bought a new position in Enphase Energy during the fourth quarter valued at $27,000. KB Financial Partners LLC bought a new position in Enphase Energy during the first quarter valued at $28,000. Global Wealth Management Investment Advisory Inc. lifted its position in Enphase Energy by 780.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 176 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 156 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Enphase Energy by 58.0% during the first quarter. Lindbrook Capital LLC now owns 158 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 71.22% of the company’s stock.

Enphase Energy Stock Performance

Shares of Enphase Energy stock opened at $320.62 on Thursday. The firm has a market capitalization of $43.43 billion, a P/E ratio of 224.21, a P/E/G ratio of 2.24 and a beta of 1.51. Enphase Energy, Inc. has a 52 week low of $113.40 and a 52 week high of $324.84. The company has a quick ratio of 3.35, a current ratio of 3.62 and a debt-to-equity ratio of 2.66. The firm’s 50 day moving average is $268.64 and its two-hundred day moving average is $211.58.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.15. Enphase Energy had a return on equity of 56.60% and a net margin of 11.71%. The firm had revenue of $530.20 million during the quarter, compared to the consensus estimate of $506.57 million. Research analysts forecast that Enphase Energy, Inc. will post 2.9 EPS for the current fiscal year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of Enphase Energy stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the completion of the sale, the chief executive officer now owns 1,059,051 shares in the company, valued at approximately $211,810,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the transaction, the chief executive officer now directly owns 1,059,051 shares of the company’s stock, valued at approximately $211,810,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 35,822 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $279.21, for a total value of $10,001,860.62. Following the transaction, the director now directly owns 41,456 shares in the company, valued at $11,574,929.76. The disclosure for this sale can be found here. Insiders sold a total of 167,188 shares of company stock worth $45,574,311 over the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Cowen raised their target price on shares of Enphase Energy from $240.00 to $278.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Craig Hallum raised their target price on shares of Enphase Energy from $213.00 to $271.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Seaport Res Ptn restated a “neutral” rating on shares of Enphase Energy in a report on Sunday, July 31st. Barclays assumed coverage on shares of Enphase Energy in a report on Friday, August 5th. They issued an “equal weight” rating and a $292.00 target price for the company. Finally, Credit Suisse Group upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $174.00 to $281.00 in a report on Thursday, July 28th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $273.17.

Enphase Energy Profile

(Get Rating)

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 services.

See Also

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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